GAMMA Investing LLC grew its position in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 2,652.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,627 shares of the company's stock after buying an additional 58,424 shares during the quarter. GAMMA Investing LLC owned 0.41% of TruBridge worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of TruBridge by 47.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock valued at $43,000 after buying an additional 699 shares during the period. Covestor Ltd raised its holdings in TruBridge by 20.5% in the 4th quarter. Covestor Ltd now owns 2,819 shares of the company's stock worth $56,000 after purchasing an additional 479 shares during the period. AlphaQuest LLC bought a new position in shares of TruBridge in the fourth quarter worth about $66,000. OMERS ADMINISTRATION Corp bought a new position in shares of TruBridge in the fourth quarter worth about $211,000. Finally, Two Sigma Securities LLC bought a new position in shares of TruBridge in the fourth quarter worth about $222,000. 88.64% of the stock is owned by institutional investors.
Analysts Set New Price Targets
TBRG has been the topic of several recent research reports. Cantor Fitzgerald raised their price objective on TruBridge from $20.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Stephens reiterated an "equal weight" rating and issued a $28.00 price target on shares of TruBridge in a research note on Thursday, April 10th.
Get Our Latest Stock Report on TBRG
Insider Buying and Selling
In related news, CEO Christopher L. Fowler sold 6,000 shares of TruBridge stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $25.05, for a total value of $150,300.00. Following the completion of the transaction, the chief executive officer now owns 131,090 shares in the company, valued at approximately $3,283,804.50. This trade represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.70% of the stock is currently owned by company insiders.
TruBridge Trading Down 2.9%
Shares of TruBridge stock opened at $23.07 on Friday. The firm has a market cap of $346.58 million, a price-to-earnings ratio of -5.64, a PEG ratio of 5.38 and a beta of 0.63. The business has a 50-day moving average price of $24.65 and a 200-day moving average price of $24.21. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. TruBridge, Inc. has a twelve month low of $9.66 and a twelve month high of $32.00.
TruBridge (NASDAQ:TBRG - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.08). The company had revenue of $87.21 million during the quarter, compared to analysts' expectations of $86.21 million. TruBridge had a positive return on equity of 1.78% and a negative net margin of 17.72%. Equities research analysts anticipate that TruBridge, Inc. will post 0.07 EPS for the current fiscal year.
About TruBridge
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding TBRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TruBridge, Inc. (NASDAQ:TBRG - Free Report).
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