Trexquant Investment LP Boosts Stake in TruBridge, Inc. $TBRG

Key Points

• Trexquant Investment LP significantly increased its holdings in TruBridge, Inc. by 221.9% during the first quarter, owning approximately 53,944 shares worth $1.49 million at the quarter's end.
• Institutional investors and hedge funds collectively own 88.64% of TruBridge's stock, with several others, including Invesco Ltd. and GAMMA Investing LLC, also increasing their stakes.
• TruBridge has a market capitalization of $300.05 million and has experienced a 12-month stock price fluctuation, with a low of $11.39 and a high of $32.00.

Trexquant Investment LP boosted its position in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 221.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,944 shares of the company's stock after purchasing an additional 37,184 shares during the quarter. Trexquant Investment LP owned about 0.36% of TruBridge worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. OMERS ADMINISTRATION Corp lifted 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 in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in TruBridge in the 1st quarter worth approximately $1,415,000. Jump Financial LLC purchased a new stake in TruBridge in the 1st quarter worth approximately $447,000. AlphaQuest LLC lifted its stake in TruBridge by 88.7% in the 1st quarter. AlphaQuest LLC now owns 6,325 shares of the company's stock worth $174,000 after purchasing an additional 2,974 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in TruBridge in the 1st quarter worth approximately $383,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

TruBridge Price Performance

NASDAQ TBRG traded down $0.13 on Wednesday, hitting $19.82. The stock had a trading volume of 52,480 shares, compared to its average volume of 160,776. TruBridge, Inc. has a 52-week low of $11.39 and a 52-week high of $32.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.79 and a current ratio of 1.80. The company has a market capitalization of $297.50 million, a price-to-earnings ratio of -23.66 and a beta of 0.55. The firm has a 50-day moving average of $21.04 and a 200-day moving average of $23.99.

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.