Renaissance Technologies LLC reduced its stake in shares of Cronos Group Inc. (NASDAQ:CRON - Free Report) by 38.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 408,341 shares of the company's stock after selling 257,608 shares during the quarter. Renaissance Technologies LLC owned 0.11% of Cronos Group worth $825,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in CRON. Barclays PLC acquired a new position in Cronos Group during the third quarter valued at approximately $97,000. Janney Montgomery Scott LLC boosted its holdings in shares of Cronos Group by 72.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 380,575 shares of the company's stock valued at $769,000 after acquiring an additional 159,575 shares during the period. Jones Financial Companies Lllp grew its holdings in Cronos Group by 64.5% in the 4th quarter. Jones Financial Companies Lllp now owns 16,623 shares of the company's stock worth $34,000 after buying an additional 6,520 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Cronos Group during the 4th quarter worth about $30,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Cronos Group in the fourth quarter valued at $76,000. Hedge funds and other institutional investors own 8.71% of the company's stock.
Cronos Group Price Performance
NASDAQ CRON remained flat at $1.85 on Wednesday. 1,463,018 shares of the company's stock traded hands, compared to its average volume of 1,342,531. Cronos Group Inc. has a 12-month low of $1.60 and a 12-month high of $3.14. The business's 50-day moving average price is $1.82 and its 200-day moving average price is $1.95. The company has a market cap of $713.00 million, a P/E ratio of -14.23, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06.
Cronos Group Profile
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Free Report)
Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.
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