Intact Investment Management Inc. Acquires 178,100 Shares of Cronos Group Inc. (NASDAQ:CRON)

Intact Investment Management Inc. boosted its holdings in Cronos Group Inc. (NASDAQ:CRON) by 89.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 377,890 shares of the company’s stock after acquiring an additional 178,100 shares during the quarter. Intact Investment Management Inc.’s holdings in Cronos Group were worth $836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Cronos Group by 47.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,002,668 shares of the company’s stock valued at $2,617,000 after acquiring an additional 321,254 shares in the last quarter. Mackenzie Financial Corp bought a new position in Cronos Group in the 2nd quarter valued at approximately $3,237,000. Concurrent Investment Advisors LLC bought a new position in Cronos Group in the 1st quarter valued at approximately $79,000. Virtu Financial LLC lifted its position in Cronos Group by 34.9% in the 1st quarter. Virtu Financial LLC now owns 105,985 shares of the company’s stock valued at $277,000 after acquiring an additional 27,446 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Cronos Group by 50.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 304,063 shares of the company’s stock valued at $794,000 after acquiring an additional 101,903 shares in the last quarter. 8.71% of the stock is owned by institutional investors.

Cronos Group Price Performance

NASDAQ CRON opened at $2.20 on Tuesday. The business’s fifty day moving average price is $2.19 and its 200-day moving average price is $2.37. Cronos Group Inc. has a 1-year low of $1.83 and a 1-year high of $3.14.

Cronos Group (NASDAQ:CRON) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.02) earnings per share for the quarter. Cronos Group had a negative net margin of 56.43% and a negative return on equity of 2.06%. The firm had revenue of $27.76 million for the quarter, compared to the consensus estimate of $25.85 million. During the same period in the previous year, the company earned ($0.02) earnings per share. Research analysts anticipate that Cronos Group Inc. will post -0.05 EPS for the current fiscal year.

Cronos Group Profile

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.