Headlands Technologies LLC Acquires 27,573 Shares of Cronos Group Inc. (NASDAQ:CRON)

Headlands Technologies LLC increased its holdings in shares of Cronos Group Inc. (NASDAQ:CRON) by 12,309.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,797 shares of the company’s stock after purchasing an additional 27,573 shares during the quarter. Headlands Technologies LLC’s holdings in Cronos Group were worth $65,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank increased its position in shares of 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 acquiring an additional 11,459 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of Cronos Group in the 4th quarter valued at about $25,000. National Bank of Canada FI lifted 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 purchasing an additional 13,899 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Cronos Group by 39.4% during the first quarter. SeaCrest Wealth Management LLC now owns 67,225 shares of the company’s stock worth $175,000 after buying an additional 19,000 shares during the period. Finally, Cedar Wealth Management LLC bought a new position in shares of Cronos Group during the first quarter worth about $60,000. 8.71% of the stock is currently owned by institutional investors and hedge funds.

Cronos Group Stock Performance

NASDAQ CRON opened at $2.24 on Tuesday. The stock has a market capitalization of $856.31 million, a price-to-earnings ratio of -14.93 and a beta of 0.97. Cronos Group Inc. has a 52 week low of $1.70 and a 52 week high of $3.14. The stock’s 50 day moving average price is $2.31 and its two-hundred day moving average price is $2.42.

Cronos Group (NASDAQ:CRON) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.02) EPS for the quarter. Cronos Group had a negative return on equity of 2.06% and a negative net margin of 56.43%. The business had revenue of $27.76 million for the quarter, compared to analyst estimates of $25.85 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. On average, equities research 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.