Acadian Asset Management LLC Has $3.67 Million Stock Holdings in TruBridge, Inc. $TBRG

Key Points

• Acadian Asset Management LLC reduced its stake in TruBridge, Inc. by 17.8%, now holding 133,559 shares valued at approximately $3.67 million.
• Other major investors, including Vanguard Group and Goldman Sachs, have increased their stakes in TruBridge, indicating ongoing institutional interest in the company.
• TruBridge, Inc. operates in the healthcare sector, offering services in Revenue Cycle Management, Electronic Health Record, and Patient Engagement, with a market capitalization of $301.55 million.

Acadian Asset Management LLC trimmed its stake in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 17.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,559 shares of the company's stock after selling 28,970 shares during the quarter. Acadian Asset Management LLC owned 0.89% of TruBridge worth $3,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of TruBridge by 2.6% in the first quarter. Vanguard Group Inc. now owns 663,862 shares of the company's stock valued at $18,269,000 after acquiring an additional 16,715 shares during the last quarter. Millennium Management LLC raised its position in shares of TruBridge by 20.9% during the 1st quarter. Millennium Management LLC now owns 226,172 shares of the company's stock valued at $6,224,000 after acquiring an additional 39,090 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of TruBridge by 8.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 217,539 shares of the company's stock valued at $4,290,000 after acquiring an additional 16,821 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of TruBridge by 31.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 152,668 shares of the company's stock valued at $4,201,000 after buying an additional 36,838 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of TruBridge by 177.7% in the 1st quarter. Invesco Ltd. now owns 151,489 shares of the company's stock valued at $4,169,000 after buying an additional 96,931 shares during the period. 88.64% of the stock is owned by institutional investors and hedge funds.

TruBridge Price Performance

Shares of TBRG stock opened at $20.09 on Monday. The firm has a market capitalization of $301.55 million, a price-to-earnings ratio of -23.92 and a beta of 0.55. The company has a quick ratio of 1.79, a current ratio of 1.80 and a debt-to-equity ratio of 0.94. TruBridge, Inc. has a 12-month low of $11.39 and a 12-month high of $32.00. The firm has a fifty day moving average of $20.89 and a 200-day moving average of $23.77.

About TruBridge

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.

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