Penserra Capital Management LLC Sells 36,567 Shares of Cronos Group Inc. (NASDAQ:CRON)

Penserra Capital Management LLC cut its holdings in shares of Cronos Group Inc. (NASDAQ:CRON) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 507,917 shares of the company’s stock after selling 36,567 shares during the period. Penserra Capital Management LLC owned approximately 0.13% of Cronos Group worth $1,112,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp bought a new stake in Cronos Group during the 2nd quarter worth approximately $3,237,000. Dimensional Fund Advisors LP boosted its position in shares of Cronos Group by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,631,783 shares of the company’s stock valued at $6,132,000 after buying an additional 192,469 shares during the last quarter. Intact Investment Management Inc. grew its holdings in Cronos Group by 89.1% during the third quarter. Intact Investment Management Inc. now owns 377,890 shares of the company’s stock worth $836,000 after buying an additional 178,100 shares in the last quarter. Renaissance Technologies LLC raised its position in Cronos Group by 37.9% in the 2nd quarter. Renaissance Technologies LLC now owns 464,949 shares of the company’s stock valued at $1,083,000 after buying an additional 127,753 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in Cronos Group during the 2nd quarter valued at $296,000. Institutional investors and hedge funds own 8.71% of the company’s stock.

Cronos Group Price Performance

NASDAQ CRON opened at $2.09 on Wednesday. The company has a fifty day moving average price of $2.15 and a 200-day moving average price of $2.31. The firm has a market cap of $799.01 million, a price-to-earnings ratio of -16.08 and a beta of 0.98. Cronos Group Inc. has a 1 year low of $1.85 and a 1 year high of $3.14.

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.