Hotchkis & Wiley Capital Management LLC Acquires Shares of 496,150 TruBridge, Inc. (NASDAQ:TBRG)

Hotchkis & Wiley Capital Management LLC bought a new stake in shares of TruBridge, Inc. (NASDAQ:TBRG) in the 3rd quarter, HoldingsChannel reports. The fund bought 496,150 shares of the company’s stock, valued at approximately $5,934,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of TruBridge during the 3rd quarter valued at $26,000. Covestor Ltd purchased a new stake in TruBridge in the 3rd quarter worth about $28,000. First Horizon Advisors Inc. purchased a new stake in TruBridge in the 3rd quarter worth about $33,000. Point72 DIFC Ltd purchased a new stake in TruBridge in the 2nd quarter worth about $56,000. Finally, FMR LLC purchased a new stake in TruBridge in the 3rd quarter worth about $85,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Pinetree Capital Ltd. purchased 3,997 shares of TruBridge stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average cost of $11.93 per share, with a total value of $47,684.21. Following the completion of the purchase, the insider now directly owns 603,997 shares in the company, valued at approximately $7,205,684.21. This trade represents a 0.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark V. Anquillare purchased 2,500 shares of TruBridge stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $16.81 per share, for a total transaction of $42,025.00. Following the completion of the purchase, the director now owns 17,178 shares of the company’s stock, valued at $288,762.18. This trade represents a 17.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.60% of the stock is owned by insiders.

TruBridge Price Performance

Shares of TBRG stock opened at $18.09 on Friday. The stock has a market cap of $270.08 million, a price-to-earnings ratio of -4.42, a PEG ratio of 40.00 and a beta of 0.69. The business’s fifty day moving average is $14.25 and its 200 day moving average is $12.18. TruBridge, Inc. has a twelve month low of $7.55 and a twelve month high of $18.74. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.00.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TBRG shares. Stephens lifted their target price on TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 target price on shares of TruBridge in a research report on Tuesday, September 17th. Barclays boosted their target price on TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $13.00 price objective on shares of TruBridge in a research report on Friday, October 4th.

TruBridge 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.