MMCAP International Inc. SPC Lowers Position in Cronos Group Inc. (NASDAQ:CRON)

MMCAP International Inc. SPC decreased its holdings in shares of Cronos Group Inc. (NASDAQ:CRON) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,736,600 shares of the company’s stock after selling 395,000 shares during the quarter. MMCAP International Inc. SPC’s holdings in Cronos Group were worth $3,508,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CRON. International Assets Investment Management LLC raised its stake in 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 in the last quarter. Intact Investment Management Inc. raised its stake in Cronos Group by 89.1% during the third quarter. Intact Investment Management Inc. now owns 377,890 shares of the company’s stock valued at $836,000 after purchasing an additional 178,100 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Cronos Group during the third quarter valued at $37,000. Public Employees Retirement System of Ohio purchased a new stake in Cronos Group during the third quarter valued at $140,000. Finally, Barclays PLC purchased a new stake in Cronos Group during the third quarter valued at $97,000. Hedge funds and other institutional investors own 8.71% of the company’s stock.

Cronos Group Stock Down 1.6 %

Cronos Group stock opened at $1.89 on Wednesday. The company has a market cap of $722.98 million, a price-to-earnings ratio of -14.54, a PEG ratio of 1.74 and a beta of 0.97. The firm’s fifty day moving average is $1.96 and its 200 day moving average is $2.09. Cronos Group Inc. has a 52-week low of $1.83 and a 52-week high of $3.14.

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.