EMC Capital Management Purchases 5,408 Shares of TruBridge, Inc. (NASDAQ:TBRG)

EMC Capital Management boosted its position in shares of TruBridge, Inc. (NASDAQ:TBRG) by 2,704.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,608 shares of the company’s stock after buying an additional 5,408 shares during the period. EMC Capital Management’s holdings in TruBridge were worth $111,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TBRG. GAMMA Investing LLC purchased a new stake in shares of TruBridge during the 3rd quarter worth approximately $26,000. Covestor Ltd purchased a new stake in TruBridge during the third quarter valued at $28,000. First Horizon Advisors Inc. bought a new position in TruBridge during the third quarter valued at $33,000. Point72 DIFC Ltd purchased a new position in shares of TruBridge in the 2nd quarter worth $56,000. Finally, FMR LLC bought a new stake in shares of TruBridge in the 3rd quarter worth about $85,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

TruBridge Stock Performance

TruBridge stock opened at $24.60 on Friday. TruBridge, Inc. has a 1-year low of $7.55 and a 1-year high of $24.90. The company’s 50-day moving average is $19.97 and its 200 day moving average is $15.09. The firm has a market capitalization of $367.28 million, a P/E ratio of -6.01, a price-to-earnings-growth ratio of 4.41 and a beta of 0.67. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78.

TruBridge (NASDAQ:TBRG) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.73). The business had revenue of $83.83 million for the quarter, compared to the consensus estimate of $82.30 million. TruBridge had a positive return on equity of 1.78% and a negative net margin of 17.72%. During the same period in the prior year, the business posted $0.39 earnings per share. Research analysts forecast that TruBridge, Inc. will post 0.07 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on TBRG shares. Stephens increased their price target on shares of TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of TruBridge in a research note on Friday, October 4th. Finally, Barclays boosted their target price on TruBridge from $10.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th.

Insider Activity

In related news, Director Mark V. Anquillare purchased 2,500 shares of TruBridge stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of $16.81 per share, with a total value of $42,025.00. Following the purchase, the director now directly owns 17,178 shares of the company’s stock, valued at approximately $288,762.18. This represents a 17.03 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.60% 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.