TruBridge's (TBRG) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• TruBridge's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, signaling continued negative sentiment from analysts.
• The company's shares opened at $19.90 and have experienced significant volatility, with a 12-month low of $12.01 and a high of $32.00.
• Institutional investors have increased their stakes in TruBridge, with Goldman Sachs raising its position by 31.8% during the first quarter.

TruBridge (NASDAQ:TBRG - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

TruBridge Price Performance

Shares of NASDAQ TBRG opened at $19.90 on Wednesday. TruBridge has a 12 month low of $12.01 and a 12 month high of $32.00. The stock has a market capitalization of $298.74 million, a price-to-earnings ratio of -23.69 and a beta of 0.57. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.80 and a quick ratio of 1.79. The firm's 50 day simple moving average is $20.30 and its 200-day simple moving average is $22.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its position in shares of TruBridge by 31.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 152,668 shares of the company's stock valued at $4,201,000 after buying an additional 36,838 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of TruBridge by 106.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 54,109 shares of the company's stock valued at $1,489,000 after buying an additional 27,907 shares in the last quarter. Trexquant Investment LP lifted its position in shares of TruBridge by 221.9% during the 1st quarter. Trexquant Investment LP now owns 53,944 shares of the company's stock valued at $1,485,000 after buying an additional 37,184 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of TruBridge during the 1st quarter valued at approximately $1,415,000. Finally, Vanguard Group Inc. lifted its position in shares of TruBridge by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 663,862 shares of the company's stock valued at $18,269,000 after buying an additional 16,715 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.

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.

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