Kazazian Asset Management LLC Makes New Investment in Cronos Group Inc. (NASDAQ:CRON)

Kazazian Asset Management LLC purchased a new position in Cronos Group Inc. (NASDAQ:CRON) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 67,850 shares of the company’s stock, valued at approximately $137,000.

A number of other institutional investors have also bought and sold shares of the business. Jones Financial Companies Lllp increased its stake in Cronos Group by 64.5% in the 4th quarter. Jones Financial Companies Lllp now owns 16,623 shares of the company’s stock worth $34,000 after buying an additional 6,520 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in shares of Cronos Group during the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Cronos Group during the fourth quarter valued at about $30,000. Quantbot Technologies LP purchased a new position in shares of Cronos Group during the third quarter valued at about $37,000. Finally, Virtu Financial LLC grew its position in shares of Cronos Group by 242.7% during the third quarter. Virtu Financial LLC now owns 54,516 shares of the company’s stock valued at $119,000 after purchasing an additional 38,607 shares in the last quarter. Hedge funds and other institutional investors own 8.71% of the company’s stock.

Cronos Group Stock Down 2.6 %

Shares of Cronos Group stock opened at $1.85 on Wednesday. The firm has a market cap of $707.68 million, a price-to-earnings ratio of -14.23, a PEG ratio of 1.74 and a beta of 0.89. The business has a 50-day moving average price of $1.95 and a 200-day moving average price of $2.05. Cronos Group Inc. has a twelve month low of $1.83 and a twelve month high of $3.14.

About Cronos Group

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.