Janus Henderson Group PLC Grows Stake in Tabula Rasa HealthCare Inc (TRHC)
Janus Henderson Group PLC lifted its position in Tabula Rasa HealthCare Inc (NASDAQ:TRHC) by 119.0% during the third quarter, Holdings Channel reports. The institutional investor owned 10,674 shares of the company’s stock after purchasing an additional 5,799 shares during the period. Janus Henderson Group PLC’s holdings in Tabula Rasa HealthCare were worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC purchased a new position in shares of Tabula Rasa HealthCare in the 2nd quarter worth $111,000. Meadow Creek Investment Management LLC purchased a new position in Tabula Rasa HealthCare during the second quarter valued at $115,000. Envestnet Asset Management Inc. purchased a new position in Tabula Rasa HealthCare during the second quarter valued at $130,000. Pinebridge Investments L.P. purchased a new position in Tabula Rasa HealthCare during the second quarter valued at $181,000. Finally, Teacher Retirement System of Texas purchased a new position in Tabula Rasa HealthCare during the second quarter valued at $207,000. Hedge funds and other institutional investors own 74.88% of the company’s stock.
In other news, CEO Calvin H. Knowlton sold 8,000 shares of the business’s stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $74.22, for a total value of $593,760.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Orsula V. Knowlton acquired 7,500 shares of the stock in a transaction dated Monday, November 12th. The stock was acquired at an average price of $65.00 per share, for a total transaction of $487,500.00. The disclosure for this purchase can be found here. Insiders sold 59,733 shares of company stock worth $4,394,172 over the last 90 days. Company insiders own 14.00% of the company’s stock.
Shares of Tabula Rasa HealthCare stock opened at $70.05 on Friday. Tabula Rasa HealthCare Inc has a 52 week low of $27.40 and a 52 week high of $91.16. The stock has a market capitalization of $1.55 billion, a PE ratio of -1,751.25, a price-to-earnings-growth ratio of 7.20 and a beta of 2.53. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.28.
Tabula Rasa HealthCare (NASDAQ:TRHC) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.07. Tabula Rasa HealthCare had a positive return on equity of 7.63% and a negative net margin of 13.49%. The business had revenue of $54.42 million for the quarter, compared to the consensus estimate of $52.87 million. During the same period in the previous year, the business earned $0.08 earnings per share. The business’s revenue was up 66.3% on a year-over-year basis. On average, equities research analysts anticipate that Tabula Rasa HealthCare Inc will post 0.42 EPS for the current fiscal year.
Tabula Rasa HealthCare 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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