trubridge sees $2.63 million stock acquisition by L6 holdings

In recent trading activities, L6 Holdings Inc. has made significant purchases of TruBridge, Inc. (NASDAQ:TBRG) common stock, a company that has delivered an impressive 195% return over the past year. According to the latest SEC filings, L6 Holdings acquired a total of 96,607 shares over two transactions. InvestingPro analysis suggests the stock is currently trading above its Fair Value. The purchases, completed on March 19 and March 21, 2025, totaled approximately $2.63 million.

The shares were bought at a weighted average price between $26.93 and $27.99. Following these transactions, L6 Holdings now holds 1,925,000 shares of TruBridge. These acquisitions highlight L6 Holdings’ continued interest in the company, while Pinetree Capital Ltd., another major stakeholder, maintains its position with 768,250 shares.

In other recent news, TruBridge Inc. reported a mixed financial performance for the fourth quarter of 2024. The company experienced a significant miss on earnings per share (EPS), posting -$0.38 against an analyst forecast of $0.0049, despite revenue slightly exceeding expectations at $87.36 million. Stephens analyst Jeff Garro noted TruBridge’s strong fourth-quarter performance, highlighting a 24% beat on EBITDA, attributed to offshoring strategies and cost-cutting measures. Cantor Fitzgerald analyst Sarah James upgraded the stock’s price target to $29, citing the company’s long-term growth potential and solid financial foundation for 2024. TruBridge’s fiscal year 2025 guidance has been positively received, with a focus on profitability and client retention. The company plans to address delayed contracts in the first half of 2025, with one already signed. TruBridge’s strategic initiatives include enhancing global workforce support and expanding SaaS solutions, aiming for mid-single-digit revenue growth in 2025.

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