Cronos Group Inc. (NASDAQ:CRON) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Cronos Group Inc. (NASDAQ:CRONGet Rating) by 204.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,676 shares of the company’s stock after purchasing an additional 26,645 shares during the quarter. SG Americas Securities LLC’s holdings in Cronos Group were worth $112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aigen Investment Management LP boosted its holdings in Cronos Group by 347.8% in the 1st quarter. Aigen Investment Management LP now owns 63,730 shares of the company’s stock valued at $247,000 after purchasing an additional 49,497 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Cronos Group by 4.2% in the 2nd quarter. Vontobel Holding Ltd. now owns 195,173 shares of the company’s stock worth $546,000 after acquiring an additional 7,855 shares during the last quarter. Sageworth Trust Co acquired a new position in shares of Cronos Group in the 1st quarter worth approximately $58,000. Formidable Asset Management LLC lifted its holdings in shares of Cronos Group by 31.7% in the 1st quarter. Formidable Asset Management LLC now owns 109,911 shares of the company’s stock worth $428,000 after acquiring an additional 26,426 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Cronos Group by 73.1% in the 2nd quarter. National Bank of Canada FI now owns 30,903 shares of the company’s stock worth $86,000 after acquiring an additional 13,046 shares during the last quarter. 12.08% of the stock is currently owned by institutional investors and hedge funds.

Cronos Group Trading Up 1.7 %

Shares of NASDAQ:CRON opened at $3.07 on Wednesday. Cronos Group Inc. has a 52 week low of $2.57 and a 52 week high of $5.93. The company’s 50 day moving average is $2.98 and its two-hundred day moving average is $3.03. The company has a market cap of $1.16 billion, a PE ratio of -5.12 and a beta of 1.55.

Analyst Ratings Changes

Several equities analysts have recently commented on CRON shares. Barclays decreased their price objective on shares of Cronos Group from $5.00 to $3.50 and set an “equal weight” rating on the stock in a report on Friday, September 30th. Raymond James restated a “buy” rating and issued a $7.00 price objective on shares of Cronos Group in a report on Friday, July 29th. Canaccord Genuity Group decreased their price objective on shares of Cronos Group from C$5.00 to C$4.75 in a report on Tuesday, November 8th. Sanford C. Bernstein started coverage on shares of Cronos Group in a report on Tuesday, November 1st. They set a “market perform” rating and a $3.00 target price on the stock. Finally, Canaccord Genuity Group upgraded shares of Cronos Group from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.19.

Cronos Group Profile

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Cronos Group Inc operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States. The company is also involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets.

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Institutional Ownership by Quarter for Cronos Group (NASDAQ:CRON)

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