Penserra Capital Management LLC Decreases Holdings in Cronos Group Inc. (NASDAQ:CRON)

Penserra Capital Management LLC trimmed its stake in Cronos Group Inc. (NASDAQ:CRON) by 6.7% during the third quarter, Holdings Channel reports. The fund owned 507,917 shares of the company’s stock after selling 36,567 shares during the period. Penserra Capital Management LLC’s holdings in Cronos Group were worth $1,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI lifted its stake in Cronos Group by 1,094.4% in the second quarter. National Bank of Canada FI now owns 15,169 shares of the company’s stock valued at $35,000 after purchasing an additional 13,899 shares during the last quarter. Toronto Dominion Bank increased its position in Cronos Group by 204.8% in the first quarter. Toronto Dominion Bank now owns 17,054 shares of the company’s stock worth $45,000 after buying an additional 11,459 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Cronos Group by 12,309.4% in the second quarter. Headlands Technologies LLC now owns 27,797 shares of the company’s stock valued at $65,000 after buying an additional 27,573 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Cronos Group during the 2nd quarter valued at $87,000. Finally, Cedar Wealth Management LLC grew its stake in shares of Cronos Group by 65.4% during the 2nd 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.

Cronos Group Stock Performance

Shares of Cronos Group stock opened at $2.09 on Wednesday. The stock has a market capitalization of $799.01 million, a P/E ratio of -16.08 and a beta of 0.98. Cronos Group Inc. has a 52-week low of $1.85 and a 52-week high of $3.14. The stock’s 50-day simple moving average is $2.15 and its 200 day simple moving average is $2.31.

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.