New York State Teachers Retirement System Takes $182,000 Position in Tabula Rasa HealthCare (TRHC)

New York State Teachers Retirement System bought a new stake in shares of Tabula Rasa HealthCare (NASDAQ:TRHC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,695 shares of the company’s stock, valued at approximately $182,000.

Other hedge funds have also made changes to their positions in the company. Strs Ohio bought a new stake in shares of Tabula Rasa HealthCare during the 4th quarter valued at $137,000. MetLife Investment Advisors LLC bought a new stake in shares of Tabula Rasa HealthCare during the 4th quarter valued at $139,000. Berkshire Asset Management LLC PA bought a new stake in shares of Tabula Rasa HealthCare during the 1st quarter valued at $225,000. BlueCrest Capital Management Ltd bought a new stake in shares of Tabula Rasa HealthCare during the 4th quarter valued at $237,000. Finally, California Public Employees Retirement System bought a new stake in shares of Tabula Rasa HealthCare during the 3rd quarter valued at $254,000. Hedge funds and other institutional investors own 49.48% of the company’s stock.

In other Tabula Rasa HealthCare news, Director Bruce Luehrs sold 252,242 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $34.29, for a total value of $8,649,378.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Orsula V. Knowlton sold 8,000 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $42.79, for a total value of $342,320.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 424,000 shares of company stock worth $16,211,222. 14.00% of the stock is currently owned by company insiders.

Shares of Tabula Rasa HealthCare stock opened at $50.39 on Friday. The stock has a market capitalization of $972.49 million, a P/E ratio of -1,259.75, a PEG ratio of 4.34 and a beta of 2.38. Tabula Rasa HealthCare has a 1 year low of $47.61 and a 1 year high of $48.69. The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 0.01.

Tabula Rasa HealthCare (NASDAQ:TRHC) last announced its quarterly earnings results on Tuesday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $43.94 million for the quarter, compared to analysts’ expectations of $42.60 million. Tabula Rasa HealthCare had a negative net margin of 0.61% and a positive return on equity of 0.38%. Tabula Rasa HealthCare’s revenue was up 57.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. analysts expect that Tabula Rasa HealthCare will post 0.45 earnings per share for the current fiscal year.

TRHC has been the topic of a number of research reports. BidaskClub cut shares of Tabula Rasa HealthCare from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Zacks Investment Research cut shares of Tabula Rasa HealthCare from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Piper Jaffray upped their price target on shares of Tabula Rasa HealthCare to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 13th. William Blair reiterated an “outperform” rating on shares of Tabula Rasa HealthCare in a research note on Tuesday, March 13th. Finally, Oppenheimer upped their price target on shares of Tabula Rasa HealthCare from $35.00 to $47.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 13th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.91.

About Tabula Rasa HealthCare

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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Institutional Ownership by Quarter for Tabula Rasa HealthCare (NASDAQ:TRHC)

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