Private Advisor Group LLC raised its holdings in Cronos Group Inc (NASDAQ:CRON) by 28.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,769 shares of the company’s stock after acquiring an additional 5,218 shares during the period. Private Advisor Group LLC’s holdings in Cronos Group were worth $247,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Cronos Group in the 4th quarter valued at about $779,000. Gables Capital Management Inc. acquired a new stake in Cronos Group in the 4th quarter valued at about $31,000. Morgan Stanley raised its holdings in Cronos Group by 10.1% in the 3rd quarter. Morgan Stanley now owns 833,337 shares of the company’s stock valued at $9,266,000 after acquiring an additional 76,151 shares during the last quarter. First Command Bank acquired a new stake in Cronos Group in the 4th quarter valued at about $28,000. Finally, FNY Investment Advisers LLC acquired a new stake in Cronos Group in the 3rd quarter valued at about $111,000. Institutional investors own 14.14% of the company’s stock.

Cronos Group stock opened at $20.82 on Friday. Cronos Group Inc has a 1-year low of $5.12 and a 1-year high of $25.10. The company has a market capitalization of $3.78 billion and a PE ratio of 2,082.00.

A number of analysts have commented on CRON shares. Canaccord Genuity reiterated an “average” rating and issued a $9.00 price objective on shares of Cronos Group in a report on Thursday, November 15th. GMP Securities reissued a “buy” rating on shares of Cronos Group in a research note on Monday, November 19th. Zacks Investment Research cut shares of Cronos Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. CIBC began coverage on shares of Cronos Group in a research note on Friday, January 18th. They issued a “sector outperform” rating for the company. Finally, Jefferies Financial Group began coverage on shares of Cronos Group in a research note on Monday, February 25th. They issued an “underperform” rating for the company. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Cronos Group currently has a consensus rating of “Hold” and an average target price of $11.05.

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Cronos Group Company Profile

Cronos Group Inc, formerly known as PharmaCan Capital Corp., is a principal investment firm. The firm seeks to invest in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to Canada's Marihuana for Medical Purposes Regulations “MMPR”. The firm typically invests in companies based in Canada.

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Institutional Ownership by Quarter for Cronos Group (NASDAQ:CRON)

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