Walleye Capital LLC purchased a new stake in MultiPlan Co. (NYSE:MPLN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 24,312 shares of the company's stock, valued at approximately $359,000. Walleye Capital LLC owned about 0.15% of MultiPlan as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of MPLN. Empowered Funds LLC boosted its position in MultiPlan by 5.0% in the fourth quarter. Empowered Funds LLC now owns 46,191 shares of the company's stock valued at $683,000 after buying an additional 2,188 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of MultiPlan by 13.7% in the 4th quarter. Renaissance Technologies LLC now owns 37,415 shares of the company's stock valued at $553,000 after acquiring an additional 4,500 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of MultiPlan by 17.3% during the 4th quarter. Geode Capital Management LLC now owns 67,615 shares of the company's stock valued at $1,000,000 after acquiring an additional 9,954 shares in the last quarter. XTX Topco Ltd bought a new stake in MultiPlan during the 4th quarter worth $225,000. Finally, Oppenheimer & Co. Inc. acquired a new position in MultiPlan in the 4th quarter worth about $292,000. Institutional investors and hedge funds own 87.15% of the company's stock.
Analyst Ratings Changes
Separately, Citigroup lifted their price target on MultiPlan from $10.00 to $12.50 and gave the company a "neutral" rating in a research note on Friday, January 10th.
Check Out Our Latest Report on MultiPlan
MultiPlan Trading Up 1.9 %
NYSE MPLN traded up $0.42 on Monday, hitting $22.99. The company's stock had a trading volume of 50,864 shares, compared to its average volume of 114,228. The company's 50-day moving average is $21.12 and its 200 day moving average is $15.40. The firm has a market cap of $371.77 million, a PE ratio of -0.24 and a beta of 0.13. MultiPlan Co. has a 1-year low of $4.80 and a 1-year high of $31.01. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 21.73.
About MultiPlan
(
Free Report)
MultiPlan Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers analytics-based services that reduce medical costs, through data-driven algorithms and insights that detect claims over-charges and negotiate or recommend reimbursement; and network-based services that provide contracted discounts with healthcare providers, as well as outsourced network development and management services.
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