Acadian Asset Management LLC Sells 135,900 Shares of CRH Medical Corp (NYSEAMERICAN:CRHM)

Acadian Asset Management LLC lowered its position in CRH Medical Corp (NYSEAMERICAN:CRHM) by 58.0% during the first quarter, HoldingsChannel reports. The firm owned 98,420 shares of the company’s stock after selling 135,900 shares during the quarter. Acadian Asset Management LLC’s holdings in CRH Medical were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wedge Capital Management L L P NC boosted its stake in shares of CRH Medical by 25.7% during the 1st quarter. Wedge Capital Management L L P NC now owns 118,903 shares of the company’s stock worth $316,000 after acquiring an additional 24,347 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of CRH Medical by 12.6% during the 4th quarter. Two Sigma Advisers LP now owns 220,300 shares of the company’s stock worth $675,000 after acquiring an additional 24,700 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of CRH Medical during the 1st quarter worth about $236,000. Beutel Goodman & Co Ltd. boosted its stake in shares of CRH Medical by 3.5% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 5,127,100 shares of the company’s stock worth $1,570,000 after acquiring an additional 171,970 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of CRH Medical by 56.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 843,850 shares of the company’s stock worth $2,582,000 after acquiring an additional 302,900 shares in the last quarter.

NYSEAMERICAN CRHM opened at $2.85 on Friday. CRH Medical Corp has a twelve month low of $2.51 and a twelve month high of $4.50.

CRH Medical (NYSEAMERICAN:CRHM) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $32.02 million for the quarter, compared to analyst estimates of $31.40 million.

CRHM has been the subject of several recent analyst reports. Zacks Investment Research upgraded CRH Medical from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research note on Tuesday, March 19th. Clarus Securities reiterated a “buy” rating on shares of CRH Medical in a research note on Wednesday, March 20th. Finally, TheStreet downgraded CRH Medical from a “b-” rating to a “c+” rating in a research note on Friday, March 29th.

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CRH Medical Profile

CRH Medical Corporation provides various products and services to gastroenterologists in the United States and Canada. It offers CRH O'Regan system, a single use, disposable, and hemorrhoid banding technology for treating various grades of hemorrhoid. The company also offers anesthesia services for patients undergoing endoscopic procedures.

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Institutional Ownership by Quarter for CRH Medical (NYSEAMERICAN:CRHM)

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