Y Intercept Hong Kong Ltd Takes Position in TruBridge, Inc. $TBRG

Y Intercept Hong Kong Ltd acquired a new position in TruBridge, Inc. (NASDAQ:TBRG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 76,499 shares of the company’s stock, valued at approximately $1,792,000. Y Intercept Hong Kong Ltd owned approximately 0.51% of TruBridge as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. AlphaQuest LLC grew its position in TruBridge by 280.0% during the second quarter. AlphaQuest LLC now owns 24,037 shares of the company’s stock worth $563,000 after buying an additional 17,712 shares in the last quarter. Goldman Sachs Group Inc. boosted 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 acquiring an additional 36,838 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of TruBridge during the first quarter worth about $221,000. Millennium Management LLC grew its holdings in shares of TruBridge by 20.9% during the first quarter. Millennium Management LLC now owns 226,172 shares of the company’s stock worth $6,224,000 after purchasing an additional 39,090 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of TruBridge by 106.5% in the first quarter. Cubist Systematic Strategies LLC now owns 54,109 shares of the company’s stock worth $1,489,000 after purchasing an additional 27,907 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TruBridge in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $23.67.

TruBridge Stock Performance

Shares of NASDAQ TBRG opened at $19.22 on Friday. The stock’s 50-day moving average is $20.18 and its 200 day moving average is $22.08. The stock has a market cap of $288.53 million, a price-to-earnings ratio of -22.88 and a beta of 0.57. TruBridge, Inc. has a 1-year low of $12.65 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.