Penn Capital Management Co. Inc. Has $12.89 Million Stake in Allscripts Healthcare Solutions Inc (MDRX)

Share on StockTwits

Penn Capital Management Co. Inc. cut its stake in shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,030,667 shares of the software maker’s stock after selling 7,249 shares during the period. Allscripts Healthcare Solutions comprises 1.2% of Penn Capital Management Co. Inc.’s portfolio, making the stock its 12th biggest holding. Penn Capital Management Co. Inc.’s holdings in Allscripts Healthcare Solutions were worth $12,887,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in shares of Allscripts Healthcare Solutions by 492.2% during the third quarter. AQR Capital Management LLC now owns 118,985 shares of the software maker’s stock worth $1,696,000 after purchasing an additional 98,892 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Allscripts Healthcare Solutions by 0.6% during the third quarter. Teachers Advisors LLC now owns 921,374 shares of the software maker’s stock worth $13,130,000 after purchasing an additional 5,830 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Allscripts Healthcare Solutions by 1.0% during the third quarter. Vanguard Group Inc. now owns 15,851,184 shares of the software maker’s stock worth $225,880,000 after purchasing an additional 153,769 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Allscripts Healthcare Solutions by 539.1% during the fourth quarter. Meeder Asset Management Inc. now owns 3,368 shares of the software maker’s stock worth $32,000 after purchasing an additional 2,841 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new position in shares of Allscripts Healthcare Solutions during the fourth quarter worth about $12,012,000.

MDRX stock traded down $0.08 during midday trading on Wednesday, hitting $10.01. The company had a trading volume of 37,754 shares, compared to its average volume of 1,584,462. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.04 and a current ratio of 1.04. Allscripts Healthcare Solutions Inc has a 52 week low of $8.54 and a 52 week high of $14.97. The company has a market capitalization of $1.65 billion, a P/E ratio of 18.05, a PEG ratio of 1.99 and a beta of 1.29.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Allscripts Healthcare Solutions had a return on equity of 6.92% and a net margin of 20.60%. The firm had revenue of $432.00 million during the quarter, compared to the consensus estimate of $436.47 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s revenue was down .4% on a year-over-year basis. As a group, equities analysts predict that Allscripts Healthcare Solutions Inc will post 0.48 earnings per share for the current year.

Several brokerages have issued reports on MDRX. BidaskClub lowered Allscripts Healthcare Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 2nd. Zacks Investment Research raised Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, March 28th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $10.00 target price on shares of Allscripts Healthcare Solutions in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Allscripts Healthcare Solutions currently has a consensus rating of “Hold” and a consensus target price of $13.29.

ILLEGAL ACTIVITY NOTICE: This article was published by Week Herald and is the property of of Week Herald. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://weekherald.com/2019/05/15/penn-capital-management-co-inc-has-12-89-million-stake-in-allscripts-healthcare-solutions-inc-mdrx.html.

Allscripts Healthcare Solutions Company Profile

Allscripts Healthcare Solutions, Inc provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records (EHR), connectivity, private cloud hosting, outsourcing, analytics, patient engagement, clinical decision support, and population health management solutions.

Recommended Story: What is a Tariff?

Want to see what other hedge funds are holding MDRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allscripts Healthcare Solutions Inc (NASDAQ:MDRX).

Institutional Ownership by Quarter for Allscripts Healthcare Solutions (NASDAQ:MDRX)

Receive News & Ratings for Allscripts Healthcare Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allscripts Healthcare Solutions and related companies with MarketBeat.com's FREE daily email newsletter.