Why You Should Care When Hedge Funds Invest in Cronos Group Inc. (CRON)?

By

 William Tyler

 -

February 11, 2019

,br. Cronos Group Inc. (NASDAQ:CRON) went up to recover about 281.84% since recording its record low price of $5.12. The stock experienced -8.73% slump, arriving at $19.55 on 02/08/2019. During the day, the stock price traveled from $19.43 to $22.05. This company shares are -100% up from its target price of $0 and the current market capitalization stands at $3.49B. The recent change has given its price a 46.9% lead over SMA 50 and -22.11% deficit over its 52-week high. The stock witnessed 50.62% gains, 116.02% gains and 238.82% gains for the 1-month, 3-month and 6-month period, respectively.

To measure price-variation, we found CRON’s volatility during a week at 14.85% and during a month it has been found around 10.24%. Cronos Group Inc. (CRON) Top Holders Institutional investors currently hold around $469 million or 16.38% in CRON stock. Look at its top three institutional owners. Chescapmanager Llc owns $176.68 million in Cronos Group Inc., which represents roughly 5.06% of the company’s market cap and approximately 37.67% of the institutional ownership. Similar statistics are true for the second largest owner, Etf Managers Group, Llc, which owns 6,965,942 shares of the stock are valued at $136.18 million.

The third largest holder is Jw Asset Management, Llc, which currently holds $21.14 million worth of this stock and that ownership represents nearly 0.61% of its market capitalization. Cronos Group Inc. 13F Filings At the end of September reporting period, 119 institutional holders increased their position in Cronos Group Inc. (NASDAQ:CRON) by some 11,033,724 shares, 32 decreased positions by 4,908,108 and 23 held positions by 8,055,674.

That puts total institutional holdings at 23,997,506 shares, according to SEC filings. The stock grabbed 63 new institutional investments totaling 8,753,310 shares while 20 institutional investors sold out their entire positions totaling 526,720 shares.

 Cronos Group Inc. (CRON) Analyst Guide Several analysts have released their opinion on Cronos Group Inc. (NASDAQ:CRON), with 2 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.