Intact Investment Management Inc. Grows Stock Position in Cronos Group Inc. (NASDAQ:CRON)

Intact Investment Management Inc. boosted its position in Cronos Group Inc. (NASDAQ:CRON) by 89.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 377,890 shares of the company’s stock after buying an additional 178,100 shares during the quarter. Intact Investment Management Inc. owned approximately 0.10% of Cronos Group worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CRON. National Bank of Canada FI grew its position 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 purchasing an additional 13,899 shares in the last quarter. Toronto Dominion Bank grew its position in Cronos Group by 204.8% during the first quarter. Toronto Dominion Bank now owns 17,054 shares of the company’s stock worth $45,000 after buying an additional 11,459 shares in the last quarter. Cedar Wealth Management LLC purchased a new position in Cronos Group during the first quarter worth about $60,000. Headlands Technologies LLC grew its position in Cronos Group by 12,309.4% during the second quarter. Headlands Technologies LLC now owns 27,797 shares of the company’s stock worth $65,000 after buying an additional 27,573 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in Cronos Group during the first quarter worth about $79,000. 8.71% of the stock is owned by hedge funds and other institutional investors.

Cronos Group Stock Up 1.9 %

Shares of CRON stock opened at $2.20 on Tuesday. The business has a 50-day moving average price of $2.19 and a two-hundred day moving average price of $2.37. Cronos Group Inc. has a 12-month low of $1.83 and a 12-month high of $3.14.

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