Cronos Group Inc. (NASDAQ:CRON) Stock Position Lowered by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of Cronos Group Inc. (NASDAQ:CRON) by 6.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 513,579 shares of the company’s stock after selling 36,573 shares during the quarter. Geode Capital Management LLC’s holdings in Cronos Group were worth $1,125,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CRON. National Bank of Canada FI increased its holdings in shares of Cronos Group by 1,094.4% in the second quarter. National Bank of Canada FI now owns 15,169 shares of the company’s stock valued at $35,000 after buying an additional 13,899 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Cronos Group in the 3rd quarter worth $37,000. Headlands Technologies LLC grew its holdings in shares of Cronos Group by 12,309.4% in the 2nd quarter. Headlands Technologies LLC now owns 27,797 shares of the company’s stock worth $65,000 after acquiring an additional 27,573 shares during the last quarter. Cedar Wealth Management LLC raised its position in shares of Cronos Group by 65.4% during the second quarter. Cedar Wealth Management LLC now owns 37,935 shares of the company’s stock worth $88,000 after purchasing an additional 15,000 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Cronos Group by 119.0% during the third quarter. International Assets Investment Management LLC now owns 41,643 shares of the company’s stock valued at $91,000 after purchasing an additional 22,628 shares during the last quarter. 8.71% of the stock is owned by institutional investors and hedge funds.

Cronos Group Price Performance

Shares of CRON opened at $2.03 on Friday. Cronos Group Inc. has a one year low of $1.86 and a one year high of $3.14. The company has a 50-day moving average of $2.03 and a two-hundred day moving average of $2.18. The stock has a market cap of $776.06 million, a price-to-earnings ratio of -15.62 and a beta of 0.97.

About Cronos Group

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.