Cronos Group Inc. (NASDAQ:CRON) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Cronos Group Inc. (NASDAQ:CRON) by 14.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 231,965 shares of the company’s stock after selling 39,211 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cronos Group were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CRON. Quantbot Technologies LP purchased a new position in Cronos Group in the third quarter valued at about $37,000. Intact Investment Management Inc. lifted its position in Cronos Group by 89.1% in the 3rd quarter. Intact Investment Management Inc. now owns 377,890 shares of the company’s stock valued at $836,000 after purchasing an additional 178,100 shares during the last quarter. International Assets Investment Management LLC raised 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 acquiring an additional 22,628 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Cronos Group in the second quarter worth about $3,237,000. Finally, Cedar Wealth Management LLC grew its holdings in Cronos Group by 65.4% during the second quarter. Cedar Wealth Management LLC now owns 37,935 shares of the company’s stock worth $88,000 after acquiring an additional 15,000 shares during the period. 8.71% of the stock is owned by institutional investors and hedge funds.

Cronos Group Price Performance

Cronos Group stock opened at $1.95 on Friday. The firm’s 50 day simple moving average is $2.08 and its 200-day simple moving average is $2.22. The company has a market cap of $745.48 million, a P/E ratio of -15.00 and a beta of 0.99. Cronos Group Inc. has a fifty-two week low of $1.86 and a fifty-two week 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.