Tabula Rasa HealthCare Inc (NASDAQ:TRHC) was the target of a significant growth in short interest during the month of March. As of March 29th, there was short interest totalling 1,060,620 shares, a growth of 47.9% from the March 15th total of 717,131 shares. Currently, 6.7% of the company’s stock are sold short. Based on an average trading volume of 851,131 shares, the short-interest ratio is currently 1.2 days.
Shares of NASDAQ TRHC opened at $39.94 on Monday. The company has a market capitalization of $815.55, a P/E ratio of -998.50, a PEG ratio of 9.06 and a beta of 2.39. Tabula Rasa HealthCare has a 52 week low of $11.59 and a 52 week high of $41.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.21.
Tabula Rasa HealthCare (NASDAQ:TRHC) last released its quarterly earnings data on Monday, March 12th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Tabula Rasa HealthCare had a negative return on equity of 1.96% and a net margin of 10.63%. The company had revenue of $43.93 million during the quarter, compared to analysts’ expectations of $38.91 million. During the same quarter in the prior year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 60.9% on a year-over-year basis. sell-side analysts predict that Tabula Rasa HealthCare will post 0.18 earnings per share for the current fiscal year.
In other 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 transaction of $8,649,378.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Calvin H. Knowlton sold 8,000 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $35.59, for a total value of $284,720.00. The disclosure for this sale can be found here. Insiders have sold 324,000 shares of company stock worth $11,309,958 in the last 90 days. Insiders own 45.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Hood River Capital Management LLC boosted its position in Tabula Rasa HealthCare by 17.1% in the 4th quarter. Hood River Capital Management LLC now owns 883,290 shares of the company’s stock worth $24,776,000 after purchasing an additional 129,031 shares in the last quarter. Ranger Investment Management L.P. boosted its position in Tabula Rasa HealthCare by 896.7% in the 4th quarter. Ranger Investment Management L.P. now owns 777,341 shares of the company’s stock worth $21,804,000 after purchasing an additional 699,352 shares in the last quarter. BlackRock Inc. boosted its position in Tabula Rasa HealthCare by 2.9% in the 4th quarter. BlackRock Inc. now owns 425,027 shares of the company’s stock worth $11,922,000 after purchasing an additional 12,121 shares in the last quarter. Jennison Associates LLC boosted its position in Tabula Rasa HealthCare by 3.5% in the 4th quarter. Jennison Associates LLC now owns 412,387 shares of the company’s stock worth $11,567,000 after purchasing an additional 13,932 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in Tabula Rasa HealthCare in the 4th quarter worth approximately $9,559,000. Institutional investors and hedge funds own 47.28% of the company’s stock.
About Tabula Rasa HealthCare
Tabula Rasa HealthCare, Inc (Tabula Rasa), formerly CareKinesis, Inc, is a provider of patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations and manage risk. The Company delivers its solutions through a suite of technology-enabled products and services for medication risk management, which includes bundled prescription fulfillment and adherence packaging services for client populations with complex prescription needs.
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