Renaissance Technologies LLC Trims Stake in Cronos Group Inc. (NASDAQ:CRON)

Renaissance Technologies LLC cut its holdings in shares of Cronos Group Inc. (NASDAQ:CRON) by 38.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 408,341 shares of the company’s stock after selling 257,608 shares during the quarter. Renaissance Technologies LLC’s holdings in Cronos Group were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thompson Davis & CO. Inc. acquired a new position in Cronos Group during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Cronos Group during the fourth quarter worth about $30,000. Jones Financial Companies Lllp grew its holdings in shares of Cronos Group by 64.5% in the fourth quarter. Jones Financial Companies Lllp now owns 16,623 shares of the company’s stock valued at $34,000 after purchasing an additional 6,520 shares in the last quarter. Headlands Technologies LLC increased its stake in Cronos Group by 904.4% during the 4th quarter. Headlands Technologies LLC now owns 28,917 shares of the company’s stock worth $58,000 after buying an additional 26,038 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Cronos Group during the 4th quarter worth approximately $76,000. 8.71% of the stock is currently owned by hedge funds and other institutional investors.

Cronos Group Price Performance

Shares of NASDAQ CRON opened at $1.87 on Friday. The company has a market cap of $720.71 million, a price-to-earnings ratio of -14.38, a price-to-earnings-growth ratio of 1.74 and a beta of 1.02. The stock’s 50-day moving average is $1.83 and its two-hundred day moving average is $1.96. Cronos Group Inc. has a 1-year low of $1.60 and a 1-year 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.