Allianz Asset Management GmbH Has $18.20 Million Holdings in Tabula Rasa HealthCare Inc (TRHC)

Allianz Asset Management GmbH grew its position in Tabula Rasa HealthCare Inc (NASDAQ:TRHC) by 24.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,152 shares of the company’s stock after purchasing an additional 43,731 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.10% of Tabula Rasa HealthCare worth $18,199,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. American International Group Inc. raised its position in shares of Tabula Rasa HealthCare by 6.0% in the third quarter. American International Group Inc. now owns 13,664 shares of the company’s stock valued at $1,109,000 after purchasing an additional 772 shares during the period. Chicago Equity Partners LLC raised its position in shares of Tabula Rasa HealthCare by 6.4% in the third quarter. Chicago Equity Partners LLC now owns 15,050 shares of the company’s stock valued at $1,222,000 after purchasing an additional 900 shares during the period. State of Alaska Department of Revenue raised its position in shares of Tabula Rasa HealthCare by 22.4% in the third quarter. State of Alaska Department of Revenue now owns 5,445 shares of the company’s stock valued at $442,000 after purchasing an additional 995 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Tabula Rasa HealthCare by 21.3% in the third quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the company’s stock valued at $601,000 after purchasing an additional 1,300 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of Tabula Rasa HealthCare by 12.8% in the second quarter. D.A. Davidson & CO. now owns 12,603 shares of the company’s stock valued at $804,000 after purchasing an additional 1,427 shares during the period. 74.88% of the stock is currently owned by institutional investors.

In related news, President Orsula V. Knowlton sold 8,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $61.68, for a total transaction of $493,440.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gordon Tunstall sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $70.52, for a total transaction of $705,200.00. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $3,655,920 in the last ninety days. 14.00% of the stock is currently owned by insiders.

TRHC has been the topic of a number of recent analyst reports. BidaskClub raised shares of Tabula Rasa HealthCare from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Zacks Investment Research lowered shares of Tabula Rasa HealthCare from a “hold” rating to a “sell” rating in a research report on Saturday, November 10th. Stifel Nicolaus initiated coverage on shares of Tabula Rasa HealthCare in a research report on Tuesday, September 11th. They issued a “hold” rating and a $95.00 price target on the stock. Oppenheimer lifted their price target on shares of Tabula Rasa HealthCare from $65.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, August 23rd. Finally, Robert W. Baird lifted their price target on shares of Tabula Rasa HealthCare from $70.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, September 19th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Tabula Rasa HealthCare has a consensus rating of “Buy” and an average price target of $82.50.

Shares of TRHC stock opened at $71.09 on Friday. Tabula Rasa HealthCare Inc has a 1 year low of $27.31 and a 1 year high of $91.16. The firm has a market cap of $1.48 billion, a P/E ratio of -1,777.25, a P/E/G ratio of 6.89 and a beta of 2.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.46 and a current ratio of 0.49.

Tabula Rasa HealthCare (NASDAQ:TRHC) last announced its earnings results on Tuesday, November 6th. The company reported $0.26 earnings per share (EPS) 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 business had revenue of $54.42 million for the quarter, compared to analyst estimates of $52.87 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Tabula Rasa HealthCare’s revenue was up 66.3% compared to the same quarter last year. Analysts predict that Tabula Rasa HealthCare Inc will post 0.42 EPS for the current year.

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

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