UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 39,211 Shares of Cronos Group Inc. (NASDAQ:CRON)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Cronos Group Inc. (NASDAQ:CRON) by 14.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,965 shares of the company’s stock after selling 39,211 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of Cronos Group worth $508,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. CIBC Asset Management Inc purchased a new stake in Cronos Group during the 2nd quarter valued at $87,000. National Bank of Canada FI increased its holdings in Cronos Group by 1,094.4% during the 2nd 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 period. Headlands Technologies LLC boosted its stake in shares of Cronos Group by 12,309.4% during the second quarter. Headlands Technologies LLC now owns 27,797 shares of the company’s stock valued at $65,000 after purchasing an additional 27,573 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in Cronos Group by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 273,184 shares of the company’s stock worth $637,000 after purchasing an additional 7,362 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its stake in Cronos Group by 8.4% in the second quarter. AdvisorShares Investments LLC now owns 870,613 shares of the company’s stock valued at $2,002,000 after buying an additional 67,209 shares during the last quarter. Institutional investors own 8.71% of the company’s stock.

Cronos Group Trading Up 4.3 %

Cronos Group stock opened at $1.95 on Friday. The stock’s 50 day simple moving average is $2.08 and its two-hundred day simple moving average is $2.22. Cronos Group Inc. has a 12 month low of $1.86 and a 12 month high of $3.14. The firm has a market cap of $745.48 million, a PE ratio of -15.00 and a beta of 0.99.

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.