Cubist Systematic Strategies LLC Buys 27,907 Shares of TruBridge, Inc. $TBRG

Key Points

• Cubist Systematic Strategies LLC increased its holdings in TruBridge, Inc. by 106.5%, owning approximately 0.36% of the company worth $1.49 million after purchasing additional shares.
• TruBridge, Inc. offers healthcare solutions, operating in three segments: Revenue Cycle Management, Electronic Health Record, and Patient Engagement.
• The stock of TruBridge opened at $19.99, with a market cap of $300.05 million and significant institutional ownership at 88.64%.

Cubist Systematic Strategies LLC raised its holdings in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 106.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,109 shares of the company's stock after buying an additional 27,907 shares during the period. Cubist Systematic Strategies LLC owned 0.36% of TruBridge worth $1,489,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TBRG. Invesco Ltd. increased its stake in shares of TruBridge by 177.7% during the 1st quarter. Invesco Ltd. now owns 151,489 shares of the company's stock worth $4,169,000 after purchasing an additional 96,931 shares during the last quarter. Jane Street Group LLC increased its stake in shares of TruBridge by 211.6% during the 4th quarter. Jane Street Group LLC now owns 104,331 shares of the company's stock worth $2,057,000 after purchasing an additional 70,850 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of TruBridge by 2,652.0% during the 1st quarter. GAMMA Investing LLC now owns 60,627 shares of the company's stock worth $1,668,000 after purchasing an additional 58,424 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of TruBridge during the 1st quarter worth about $1,415,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of TruBridge by 12.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 348,941 shares of the company's stock worth $6,881,000 after purchasing an additional 38,902 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

TruBridge Stock Performance

Shares of TruBridge stock traded down $0.05 during trading on Wednesday, hitting $19.90. 152,461 shares of the stock were exchanged, compared to its average volume of 161,375. The stock has a market capitalization of $298.70 million, a price-to-earnings ratio of -23.69 and a beta of 0.55. The company has a fifty day moving average price of $21.04 and a 200-day moving average price of $23.99. TruBridge, Inc. has a 1-year low of $11.39 and a 1-year high of $32.00. The company has a current ratio of 1.80, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94.

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.