Jane Street Group LLC Makes New $400,000 Investment in TruBridge, Inc. (NASDAQ:TBRG)

Jane Street Group LLC purchased a new stake in shares of TruBridge, Inc. (NASDAQ:TBRG) in the third quarter, HoldingsChannel.com reports. The fund purchased 33,481 shares of the company’s stock, valued at approximately $400,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. acquired a new position in shares of TruBridge in the third quarter valued at approximately $875,000. GSA Capital Partners LLP purchased a new stake in TruBridge in the 3rd quarter worth approximately $389,000. BNP Paribas Financial Markets acquired a new position in TruBridge in the 3rd quarter valued at $161,000. State Street Corp purchased a new position in shares of TruBridge during the 3rd quarter worth $829,000. Finally, GAMMA Investing LLC acquired a new stake in shares of TruBridge during the third quarter worth $26,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TBRG shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 target price on shares of TruBridge in a research note on Tuesday, September 17th. Stephens increased their price objective on shares of TruBridge from $13.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Barclays raised their target price on shares of TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $13.00 price target on shares of TruBridge in a research report on Friday, October 4th.

Insider Activity at TruBridge

In other TruBridge news, Director Mark V. Anquillare purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $16.81 per share, with a total value of $42,025.00. Following the transaction, the director now owns 17,178 shares in the company, valued at approximately $288,762.18. This trade represents a 17.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.60% of the stock is currently owned by insiders.

TruBridge Stock Performance

NASDAQ TBRG opened at $20.70 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78. TruBridge, Inc. has a 1-year low of $7.55 and a 1-year high of $21.44. The firm has a market capitalization of $308.95 million, a P/E ratio of -5.06, a P/E/G ratio of 70.25 and a beta of 0.67. The business’s 50-day simple moving average is $17.19 and its 200-day simple moving average is $13.70.

TruBridge Profile

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.