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.

House Positions for C:WEED from 20190211 to 20190211

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	209,812	12,288,388	58.569	106,819	6,262,413	58.626	102,993	-6,025,975
2 RBC	93,157	5,467,041	58.686	52,155	3,071,583	58.893	41,002	-2,395,458
222 JP Morgan	37,500	2,175,000	58.00	0			37,500	-2,175,000
65 Goldman	40,000	2,341,125	58.528	3,833	224,100	58.466	36,167	-2,117,025
124 Questrade	48,053	2,814,429	58.569	22,255	1,305,984	58.683	25,798	-1,508,445
85 Scotia	41,448	2,429,744	58.622	23,549	1,385,677	58.842	17,899	-1,044,067
9 BMO Nesbitt	42,065	2,459,471	58.468	34,992	2,057,198	58.791	7,073	-402,273
99 Jitney	12,800	747,824	58.424	7,400	433,115	58.529	5,400	-314,709
8 Eight	5,000	290,250	58.05	0			5,000	-290,250
19 Desjardins	12,865	762,207	59.247	9,140	533,700	58.392	3,725	-228,507
89 Raymond James	2,500	147,135	58.854	0			2,500	-147,135
68 Leede	2,500	146,625	58.65	0			2,500	-146,625
88 Credential	8,397	495,291	58.984	6,146	357,914	58.235	2,251	-137,377
35 Friedberg	2,400	145,642	60.684	338	20,261	59.944	2,062	-125,381
83 Mackie	2,000	115,750	57.875	0			2,000	-115,750
62 Haywood	1,000	58,483	58.483	0			1,000	-58,483
90 Barclays	300	17,435	58.117	0			300	-17,435
80 National Bank	32,029	1,886,133	58.888	31,753	1,860,953	58.607	276	-25,180
3 AltaCorp	7,135	421,027	59.009	6,913	407,347	58.925	222	-13,680
14 ITG	383	22,214	58.00	250	14,935	59.74	133	-7,279
25 Odlum	100	5,850	58.50	0			100	-5,850
22 Fidelity	0			50	2,907	58.14	-50	2,907
57 Interactive	621	36,498	58.773	696	41,187	59.177	-75	4,689
15 UBS	0			77	4,493	58.351	-77	4,493
36 Latimer	0			126	7,442	59.063	-126	7,442
94 Hampton	0			192	11,155	58.099	-192	11,155
72 Credit Suisse	100	6,078	60.78	400	23,217	58.043	-300	17,139
28 BBS	2,591	151,578	58.502	2,908	170,991	58.80	-317	19,413
101 SG Capital	0			2,300	134,269	58.378	-2,300	134,269
56 Edward Jones	45	2,735	60.778	2,571	150,402	58.499	-2,526	147,667
1 Anonymous	287,835	16,841,731	58.512	292,276	17,124,019	58.589	-4,441	282,288
33 Canaccord	893	52,324	58.594	6,624	383,247	57.857	-5,731	330,923
13 Instinet	52,940	3,106,401	58.678	61,100	3,555,292	58.188	-8,160	448,891
143 Pershing	1,691	99,124	58.619	10,128	603,321	59.57	-8,437	504,197
53 Morgan Stanley	6,428	376,205	58.526	15,813	920,982	58.242	-9,385	544,777
39 Merrill Lynch	21,286	1,250,224	58.735	57,671	3,368,843	58.415	-36,385	2,118,619
79 CIBC	367,108	21,500,138	58.566	584,507	34,223,153	58.55	-217,399	12,723,015
TOTAL	1,342,982	78,660,100	58.571	1,342,982	78,660,100	58.571	0	0