Janney Montgomery Scott LLC Increases Stock Holdings in Cronos Group Inc. (NASDAQ:CRON)

Janney Montgomery Scott LLC raised its position in Cronos Group Inc. (NASDAQ:CRON) by 72.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 380,575 shares of the company’s stock after acquiring an additional 159,575 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Cronos Group were worth $769,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Cronos Group during the third quarter worth about $37,000. International Assets Investment Management LLC grew its stake in Cronos Group by 119.0% during the 3rd quarter. International Assets Investment Management LLC now owns 41,643 shares of the company’s stock valued at $91,000 after purchasing an additional 22,628 shares in the last quarter. Barclays PLC purchased a new stake in Cronos Group during the 3rd quarter worth approximately $97,000. Virtu Financial LLC raised its position in shares of Cronos Group by 242.7% in the 3rd quarter. Virtu Financial LLC now owns 54,516 shares of the company’s stock valued at $119,000 after purchasing an additional 38,607 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Cronos Group during the 3rd quarter valued at approximately $140,000. Hedge funds and other institutional investors own 8.71% of the company’s stock.

Cronos Group Stock Down 4.5 %

Shares of NASDAQ CRON opened at $1.93 on Friday. The stock’s 50 day moving average price is $1.98 and its two-hundred day moving average price is $2.13. Cronos Group Inc. has a 52-week low of $1.83 and a 52-week high of $3.14. The stock has a market capitalization of $738.28 million, a P/E ratio of -14.85, a PEG ratio of 1.71 and a beta of 0.97.

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.