Schonfeld Strategic Advisors LLC Takes Position in TruBridge, Inc. (NASDAQ:TBRG)

Schonfeld Strategic Advisors LLC acquired a new position in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 28,191 shares of the company's stock, valued at approximately $556,000. Schonfeld Strategic Advisors LLC owned approximately 0.19% of TruBridge as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its stake in TruBridge by 3.1% in the 4th quarter. Federated Hermes Inc. now owns 468,758 shares of the company's stock valued at $9,244,000 after buying an additional 14,120 shares during the period. Dimensional Fund Advisors LP boosted its position in TruBridge by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 348,941 shares of the company's stock valued at $6,881,000 after purchasing an additional 38,902 shares during the last quarter. Truffle Hound Capital LLC purchased a new position in TruBridge in the fourth quarter valued at about $5,916,000. Susquehanna International Group LLP increased its position in TruBridge by 343.6% in the 4th quarter. Susquehanna International Group LLP now owns 209,871 shares of the company's stock worth $4,139,000 after purchasing an additional 162,560 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of TruBridge by 73.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,240 shares of the company's stock valued at $1,342,000 after buying an additional 47,507 shares during the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TBRG shares. Stephens reaffirmed 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 lifted their price objective on shares of TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th.

TruBridge Trading Down 0.8 %

NASDAQ:TBRG opened at $24.81 on Friday. The company's 50 day moving average is $26.35 and its 200-day moving average is $22.55. 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 12 month low of $8.74 and a 12 month high of $32.00. The firm has a market cap of $370.88 million, a price-to-earnings ratio of -6.07, a P/E/G ratio of 5.38 and a beta of 0.65.

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

Insider Activity at TruBridge

In related news, CEO Christopher L. Fowler sold 5,100 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $27.02, for a total value of $137,802.00. Following the completion of the sale, the chief executive officer now owns 142,939 shares in the company, valued at approximately $3,862,211.78. This trade represents a 3.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Pinetree Capital Ltd. purchased 74,981 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $27.61 per share, for a total transaction of $2,070,225.41. Following the completion of the purchase, the insider now directly owns 693,981 shares of the company's stock, valued at approximately $19,160,815.41. This trade represents a 12.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 116,728 shares of company stock worth $3,239,879 in the last 90 days. 10.70% of the stock is owned by company insiders.

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.

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