Millennium Management LLC Has $3.69 Million Holdings in TruBridge, Inc. (NASDAQ:TBRG)

Millennium Management LLC cut its position in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 187,082 shares of the company's stock after selling 25,405 shares during the quarter. Millennium Management LLC owned 1.25% of TruBridge worth $3,689,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of TBRG. EMC Capital Management raised its position in TruBridge by 2,704.0% in the fourth quarter. EMC Capital Management now owns 5,608 shares of the company's stock worth $111,000 after acquiring an additional 5,408 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of TruBridge during the 4th quarter valued at about $286,000. Charles Schwab Investment Management Inc. grew its stake in shares of TruBridge by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,879 shares of the company's stock worth $1,457,000 after purchasing an additional 716 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of TruBridge in the 4th quarter worth approximately $66,000. Finally, Truffle Hound Capital LLC acquired a new stake in TruBridge during the fourth quarter valued at approximately $5,916,000. Institutional investors own 88.64% of the company's stock.

TruBridge Stock Down 1.1%

NASDAQ TBRG traded down $0.27 during trading on Wednesday, reaching $23.52. 124,233 shares of the company's stock were exchanged, compared to its average volume of 126,374. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. TruBridge, Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $32.00. The company's fifty day simple moving average is $24.96 and its 200-day simple moving average is $23.80. The firm has a market capitalization of $353.34 million, a PE ratio of -5.75, a P/E/G ratio of 5.38 and a beta of 0.65.

TruBridge (NASDAQ:TBRG - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). TruBridge had a negative net margin of 17.72% and a positive return on equity of 1.78%. The company had revenue of $87.21 million during the quarter, compared to analyst estimates of $86.21 million. Sell-side analysts predict that TruBridge, Inc. will post 0.07 EPS for the current year.

Insider Buying and Selling at TruBridge

In other TruBridge news, CEO Christopher L. Fowler sold 6,000 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $25.05, for a total value of $150,300.00. Following the completion of the sale, the chief executive officer now directly owns 131,090 shares of the company's stock, valued at $3,283,804.50. The trade was a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TBRG shares. Stephens reiterated an "equal weight" rating and set a $28.00 price objective on shares of TruBridge in a research report on Thursday, April 10th. Cantor Fitzgerald boosted their target price on TruBridge from $20.00 to $29.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th.

TruBridge Company 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.