Canada Pension Plan Investment Board Takes Position in CRH Medical Corp (CRHM)

Canada Pension Plan Investment Board purchased a new stake in CRH Medical Corp (NYSEARCA:CRHM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 120,111 shares of the company’s stock, valued at approximately $683,000.

Other institutional investors also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. grew its holdings in CRH Medical Corp by 24.2% during the 2nd quarter. Mawer Investment Management Ltd. now owns 4,742,491 shares of the company’s stock worth $26,999,000 after acquiring an additional 924,540 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of CRH Medical Corp by 162.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,584,531 shares of the company’s stock valued at $21,065,000 after buying an additional 1,600,920 shares in the last quarter. Pembroke Management LTD boosted its holdings in shares of CRH Medical Corp by 48.4% in the 2nd quarter. Pembroke Management LTD now owns 1,647,800 shares of the company’s stock valued at $12,160,000 after buying an additional 537,200 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of CRH Medical Corp by 11.9% in the 1st quarter. Stifel Financial Corp now owns 1,328,482 shares of the company’s stock valued at $10,894,000 after buying an additional 141,032 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of CRH Medical Corp by 102.7% in the 1st quarter. Morgan Stanley now owns 1,288,285 shares of the company’s stock valued at $10,564,000 after buying an additional 652,737 shares in the last quarter.

CRHM has been the subject of several research reports. Cantor Fitzgerald downgraded shares of CRH Medical Corp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $3.00 in a research report on Friday, September 1st. TheStreet downgraded shares of CRH Medical Corp from a “b-” rating to a “c+” rating in a research report on Friday, August 4th. Canaccord Genuity cut their price objective on shares of CRH Medical Corp from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, August 4th. National Bank Financial upgraded shares of CRH Medical Corp from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 4th. Finally, Scotiabank upgraded shares of CRH Medical Corp from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, July 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CRH Medical Corp presently has a consensus rating of “Buy” and an average target price of $6.38.

Shares of CRH Medical Corp (NYSEARCA:CRHM) traded up 11.76% on Thursday, hitting $2.85. 106,282 shares of the stock traded hands. The company’s 50 day moving average is $2.60 and its 200 day moving average is $5.52. CRH Medical Corp has a one year low of $2.14 and a one year high of $9.25.

ILLEGAL ACTIVITY NOTICE: “Canada Pension Plan Investment Board Takes Position in CRH Medical Corp (CRHM)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/09/15/canada-pension-plan-investment-board-buys-shares-of-120111-crh-medical-corp-crhm.html.

About CRH Medical Corp

CRH Medical Corporation is a Canada-based healthcare products and services company. The Company focused on providing physicians with services and products for the treatment of gastrointestinal diseases. The Company also provides anesthesiology services to gastroenterologists in the United States through its subsidiaries.

Institutional Ownership by Quarter for CRH Medical Corp (NYSEARCA:CRHM)

Receive News & Ratings for CRH Medical Corp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for CRH Medical Corp and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

9 + 13 =