Cronos Group Inc. (NASDAQ:CRON) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Cronos Group Inc. (NASDAQ:CRON) by 7.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,631,783 shares of the company’s stock after buying an additional 192,469 shares during the quarter. Dimensional Fund Advisors LP owned about 0.69% of Cronos Group worth $6,132,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC grew its stake in shares of Cronos Group by 39.4% in the first quarter. SeaCrest Wealth Management LLC now owns 67,225 shares of the company’s stock worth $175,000 after purchasing an additional 19,000 shares in the last quarter. Madrona Financial Services LLC acquired a new position in Cronos Group during the 1st quarter valued at about $130,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cronos Group by 47.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,002,668 shares of the company’s stock worth $2,617,000 after buying an additional 321,254 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Cronos Group by 50.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 304,063 shares of the company’s stock worth $794,000 after buying an additional 101,903 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Cronos Group in the 1st quarter worth 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 $2.17 on Wednesday. Cronos Group Inc. has a 12 month low of $1.70 and a 12 month high of $3.14. The firm has a market capitalization of $829.59 million, a PE ratio of -14.47 and a beta of 0.97. The company’s 50 day simple moving average is $2.24 and its 200 day simple moving average is $2.43.

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. The firm had revenue of $27.76 million for the quarter, compared to the consensus estimate of $25.85 million. Cronos Group had a negative net margin of 56.43% and a negative return on equity of 2.06%. During the same period in the previous year, the business posted ($0.02) earnings per share. Sell-side analysts anticipate that Cronos Group Inc. will post -0.05 earnings per share for the current fiscal year.

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.