Trexquant Investment LP Boosts Stock Holdings in TruBridge, Inc. (NASDAQ:TBRG)

Trexquant Investment LP increased its holdings in shares of TruBridge, Inc. (NASDAQ:TBRG) by 14.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,760 shares of the company’s stock after buying an additional 2,112 shares during the period. Trexquant Investment LP’s holdings in TruBridge were worth $331,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Truffle Hound Capital LLC bought a new stake in shares of TruBridge in the 4th quarter valued at about $5,916,000. AlphaQuest LLC purchased a new stake in TruBridge during the fourth quarter valued at approximately $66,000. Proficio Capital Partners LLC acquired a new stake in TruBridge in the fourth quarter valued at approximately $286,000. Charles Schwab Investment Management Inc. grew its holdings in TruBridge by 1.0% in the fourth 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. Finally, EMC Capital Management increased its position in shares of TruBridge by 2,704.0% during the fourth quarter. EMC Capital Management now owns 5,608 shares of the company’s stock worth $111,000 after purchasing an additional 5,408 shares in the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TBRG has been the subject of several recent analyst reports. Stephens reissued an “equal weight” rating and issued a $28.00 price target on shares of TruBridge in a report on Thursday. Cantor Fitzgerald lifted their target price on shares of TruBridge from $20.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th.

TruBridge Stock Performance

TBRG opened at $24.38 on Monday. 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 12-month low of $7.61 and a 12-month high of $32.00. The firm has a 50 day moving average of $27.44 and a two-hundred day moving average of $20.86. The firm has a market capitalization of $364.46 million, a PE ratio of -5.96, a P/E/G ratio of 5.38 and a beta of 0.64.

Insider Transactions at TruBridge

In other TruBridge news, CEO Christopher L. Fowler sold 5,100 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $27.02, for a total value of $137,802.00. Following the sale, the chief executive officer now owns 142,939 shares in the company, valued at approximately $3,862,211.78. This represents a 3.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Pinetree Capital Ltd. acquired 74,981 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $27.61 per share, for a total transaction of $2,070,225.41. Following the purchase, the insider now directly owns 693,981 shares in the company, 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 have acquired 116,728 shares of company stock worth $3,239,879 over the last 90 days. 10.70% of the stock is currently 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.