Cedar Wealth Management LLC Has $88,000 Stock Position in Cronos Group Inc. (NASDAQ:CRON)

Cedar Wealth Management LLC lifted its stake in shares of Cronos Group Inc. (NASDAQ:CRON) by 65.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,935 shares of the company’s stock after buying an additional 15,000 shares during the period. Cedar Wealth Management LLC’s holdings in Cronos Group were worth $88,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Chesapeake Capital Corp IL bought a new stake in Cronos Group during the 4th quarter worth $25,000. National Bank of Canada FI grew its holdings in shares of Cronos Group by 1,094.4% during the second quarter. National Bank of Canada FI now owns 15,169 shares of the company’s stock worth $35,000 after purchasing an additional 13,899 shares during the last quarter. Toronto Dominion Bank grew its holdings 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 purchasing an additional 11,459 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of Cronos Group by 12,309.4% in the second quarter. Headlands Technologies LLC now owns 27,797 shares of the company’s stock valued at $65,000 after buying an additional 27,573 shares during the period. Finally, Concurrent Investment Advisors LLC bought a new position in Cronos Group in the 1st quarter valued at approximately $79,000. 8.71% of the stock is currently owned by institutional investors and hedge funds.

Cronos Group Price Performance

NASDAQ:CRON opened at $2.23 on Friday. Cronos Group Inc. has a one year low of $1.70 and a one year high of $3.14. The firm’s 50 day simple moving average is $2.30 and its 200 day simple moving average is $2.42. The company has a market cap of $852.49 million, a PE ratio of -14.87 and a beta of 0.97.

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

Cronos Group Company 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.