Acadian Asset Management LLC Decreases 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 holdings in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 17.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,559 shares of the company's stock after selling 28,970 shares during the quarter. Acadian Asset Management LLC owned approximately 0.89% of TruBridge worth $3,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Trexquant Investment LP boosted its stake in TruBridge by 221.9% in the 1st quarter. Trexquant Investment LP now owns 53,944 shares of the company's stock worth $1,485,000 after purchasing an additional 37,184 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in TruBridge in the 1st quarter worth approximately $1,415,000. Cubist Systematic Strategies LLC boosted its stake in TruBridge by 106.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 54,109 shares of the company's stock worth $1,489,000 after purchasing an additional 27,907 shares during the period. Vanguard Group Inc. boosted its stake in TruBridge by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 663,862 shares of the company's stock worth $18,269,000 after purchasing an additional 16,715 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its stake in TruBridge by 362.6% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 49,500 shares of the company's stock worth $1,362,000 after purchasing an additional 38,800 shares during the period. 88.64% of the stock is currently owned by institutional investors.

TruBridge Price Performance

TBRG stock traded up $0.38 during midday trading on Friday, hitting $21.79. The company's stock had a trading volume of 310,129 shares, compared to its average volume of 74,941. TruBridge, Inc. has a 12 month low of $11.39 and a 12 month high of $32.00. The company has a quick ratio of 1.79, a current ratio of 1.80 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $327.07 million, a price-to-earnings ratio of -25.94 and a beta of 0.55. The company has a 50 day moving average of $20.72 and a two-hundred day moving average of $23.57.

TruBridge Profile

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.