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

Jane Street Group LLC purchased a new position in TruBridge, Inc. (NASDAQ:TBRG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,481 shares of the company’s stock, valued at approximately $400,000. Jane Street Group LLC owned approximately 0.22% of TruBridge at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TBRG. GAMMA Investing LLC purchased a new position in TruBridge during the third quarter worth about $26,000. Covestor Ltd acquired a new stake in shares of TruBridge during the 3rd quarter worth approximately $28,000. First Horizon Advisors Inc. purchased a new stake in shares of TruBridge during the 3rd quarter valued at approximately $33,000. Point72 DIFC Ltd acquired a new position in TruBridge in the second quarter valued at approximately $56,000. Finally, FMR LLC purchased a new position in TruBridge in the third quarter worth approximately $85,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 shares were purchased at an average cost of $16.81 per share, for a total transaction of $42,025.00. Following the completion of the purchase, the director now directly owns 17,178 shares in the company, valued at $288,762.18. This represents a 17.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.60% of the company’s stock.

TruBridge Stock Down 1.3 %

Shares of TruBridge stock opened at $20.70 on Wednesday. The company has a market cap of $308.95 million, a P/E ratio of -5.06, a PEG ratio of 70.25 and a beta of 0.67. The firm has a fifty day moving average of $17.19 and a two-hundred day moving average of $13.70. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. TruBridge, Inc. has a one year low of $7.55 and a one year high of $21.44.

Wall Street Analyst Weigh In

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

TruBridge Company 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.