Charles Schwab Investment Management Inc. Sells 8,710 Shares of Cronos Group Inc. (NASDAQ:CRON)

Charles Schwab Investment Management Inc. cut its holdings in shares of Cronos Group Inc. (NASDAQ:CRON) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 374,590 shares of the company’s stock after selling 8,710 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.10% of Cronos Group worth $829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Intact Investment Management Inc. increased its stake in Cronos Group by 89.1% during the 3rd quarter. Intact Investment Management Inc. now owns 377,890 shares of the company’s stock worth $836,000 after acquiring an additional 178,100 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Cronos Group by 119.0% during the 3rd quarter. International Assets Investment Management LLC now owns 41,643 shares of the company’s stock worth $91,000 after purchasing an additional 22,628 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Cronos Group in the second quarter worth $3,237,000. Cedar Wealth Management LLC raised its stake in Cronos Group by 65.4% in the second quarter. Cedar Wealth Management LLC now owns 37,935 shares of the company’s stock valued at $88,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Cronos Group by 37.9% during the second quarter. Renaissance Technologies LLC now owns 464,949 shares of the company’s stock worth $1,083,000 after purchasing an additional 127,753 shares during the period. 8.71% of the stock is currently owned by institutional investors and hedge funds.

Cronos Group Stock Down 3.1 %

Shares of Cronos Group stock opened at $1.89 on Thursday. The firm’s 50-day moving average price is $2.09 and its two-hundred day moving average price is $2.23. The company has a market capitalization of $722.54 million, a price-to-earnings ratio of -14.54 and a beta of 0.99. Cronos Group Inc. has a 12-month low of $1.86 and a 12-month high of $3.14.

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.