WINTON GROUP Ltd Takes Position in Tabula Rasa HealthCare Inc (TRHC)
WINTON GROUP Ltd bought a new stake in shares of Tabula Rasa HealthCare Inc (NASDAQ:TRHC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 6,588 shares of the company’s stock, valued at approximately $535,000.
A number of other institutional investors also recently added to or reduced their stakes in TRHC. Mount Yale Investment Advisors LLC acquired a new position in Tabula Rasa HealthCare during the 2nd quarter valued at about $111,000. Meadow Creek Investment Management LLC acquired a new stake in shares of Tabula Rasa HealthCare during the second quarter worth approximately $115,000. Envestnet Asset Management Inc. acquired a new stake in shares of Tabula Rasa HealthCare during the second quarter worth approximately $130,000. Pinebridge Investments L.P. acquired a new stake in shares of Tabula Rasa HealthCare during the second quarter worth approximately $181,000. Finally, Guggenheim Capital LLC acquired a new stake in shares of Tabula Rasa HealthCare during the first quarter worth approximately $205,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.
In other news, President Orsula V. Knowlton bought 7,500 shares of Tabula Rasa HealthCare stock in a transaction dated Monday, November 12th. The shares were bought at an average price of $65.00 per share, for a total transaction of $487,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Calvin H. Knowlton sold 8,000 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $85.98, for a total transaction of $687,840.00. The disclosure for this sale can be found here. Insiders sold a total of 40,000 shares of company stock worth $3,145,120 in the last 90 days. 14.00% of the stock is owned by corporate insiders.
Tabula Rasa HealthCare (NASDAQ:TRHC) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.07. Tabula Rasa HealthCare had a negative net margin of 13.49% and a positive return on equity of 7.63%. The firm had revenue of $54.42 million for the quarter, compared to the consensus estimate of $52.87 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. The business’s revenue was up 66.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Tabula Rasa HealthCare Inc will post 0.42 EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $99.00 price objective on shares of Tabula Rasa HealthCare in a research report on Tuesday, November 6th. Zacks Investment Research raised shares of Tabula Rasa HealthCare from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Saturday, August 11th. Citigroup lifted their price target on shares of Tabula Rasa HealthCare from $57.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Chardan Capital lifted their price target on shares of Tabula Rasa HealthCare from $77.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, November 7th. Finally, BidaskClub raised shares of Tabula Rasa HealthCare from a “hold” rating to a “buy” rating in a research report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.60.
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Tabula Rasa HealthCare Company Profile
Tabula Rasa HealthCare, Inc operates as a healthcare technology company in the United States. It offers medication risk management, pharmacy cost management, and medicare risk adjustment services. The company offers its technology-enabled products and services to prescribers, pharmacists, and healthcare organizations for medication risk management and risk adjustment.
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