Raymond James Financial Inc. Buys Shares of 317,418 Cronos Group Inc. (NASDAQ:CRON)

Raymond James Financial Inc. bought a new stake in Cronos Group Inc. (NASDAQ:CRON) during the 4th quarter, Holdings Channel reports. The fund bought 317,418 shares of the company’s stock, valued at approximately $641,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC bought a new stake in shares of Cronos Group during the 3rd quarter valued at $97,000. Janney Montgomery Scott LLC increased its holdings in Cronos Group by 72.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 380,575 shares of the company’s stock valued at $769,000 after purchasing an additional 159,575 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Cronos Group by 64.5% during the fourth 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 during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Cronos Group during the 4th quarter worth about $30,000. Finally, SeaCrest Wealth Management LLC increased its stake in shares of Cronos Group by 77.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 189,245 shares of the company’s stock valued at $382,000 after acquiring an additional 82,500 shares during the last quarter. 8.71% of the stock is owned by institutional investors.

Cronos Group Price Performance

Cronos Group stock opened at $1.71 on Monday. The firm has a market capitalization of $654.13 million, a price-to-earnings ratio of -13.15, a PEG ratio of 1.74 and a beta of 1.02. The company’s 50 day simple moving average is $1.91 and its 200 day simple moving average is $2.01. Cronos Group Inc. has a fifty-two week low of $1.67 and a fifty-two week high of $3.14.

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.