Top 5 Stocks to Invest in Based on Traci Lerner’s Chescapmanager LLC’s Portfolio

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1. Cronos Group Inc. (NASDAQ: CRON)

Chescapmanager LLC Stake Value: $71.6 million
Percentage of Chescapmanager LLC’ 13F Portfolio: 7.85%
No. of Hedge Fund Holders: 8

Cronos Group, Inc. (NASDAQ: CRON) is a cannabis producer and distributor. Lorne Michael Gertner and Paul Rosen formed the company on August 21, 2012. It is based in Toronto, Canada. PEACE NATURALS, COVE, Spinach, Lord Jones, and PEACE+ are some of the company’s brands. Cronos Group, Inc. (NASDAQ: CRON) stands first on the list of top stocks to buy according to Traci Lerner’s Chescapmanager LLC.

The company has a market cap of $2.2 billion. In the second quarter of fiscal 2021 Cronos Group, Inc. (NASDAQ: CRON) reported an EPS of $0.15, beating estimates by $0.02. The company’s second-quarter revenue grew 58.1% year over year to $15.62 million and beat revenue estimates by $0.4 million.

On March 28, investment advisory BofA reinstated coverage of Cronos Group, Inc. (NASDAQ: CRON) stock with an Underperform rating and a price target of $7.50, asserting it cannot argue for valuation upside given the stock’s current level.

Our data shows that Chescapmanager LLC is one of the biggest stakeholders of Cronos Group Inc. (NASDAQ: CRON), with 8.3 million shares worth $71.6 million.

At the end of the second quarter of 2021, 8 hedge funds in the database of Insider Monkey held stakes worth $102.8 million in Cronos Group, Inc. (NASDAQ: CRON), down from 10 the preceding quarter worth $126.2 million.

You can also take a peek at the 15 Most Valuable Lithium Companies in the World and 15 Best Reopening Stocks to Buy Now.

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