CastleKnight Management LP bought a new stake in shares of MultiPlan Co. (NYSE:MPLN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 224,229 shares of the company's stock, valued at approximately $3,314,000. CastleKnight Management LP owned 1.39% of MultiPlan at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of MPLN. Northern Trust Corp raised its position in shares of MultiPlan by 5.5% in the fourth quarter. Northern Trust Corp now owns 14,335 shares of the company's stock valued at $212,000 after buying an additional 747 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of MultiPlan in the 4th quarter valued at $225,000. Oppenheimer & Co. Inc. purchased a new stake in MultiPlan during the 4th quarter worth approximately $292,000. Jane Street Group LLC boosted its holdings in MultiPlan by 14.4% in the fourth quarter. Jane Street Group LLC now owns 19,985 shares of the company's stock valued at $295,000 after purchasing an additional 2,512 shares during the period. Finally, Walleye Capital LLC acquired a new stake in MultiPlan in the fourth quarter valued at approximately $359,000. 87.15% of the stock is currently owned by hedge funds and other institutional investors.
MultiPlan Stock Performance
Shares of NYSE MPLN opened at $22.35 on Tuesday. MultiPlan Co. has a 12 month low of $4.80 and a 12 month high of $31.01. The company has a 50-day simple moving average of $20.61 and a 200-day simple moving average of $15.88. The company has a debt-to-equity ratio of 21.73, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $361.42 million, a PE ratio of -0.24 and a beta of 0.13.
Wall Street Analyst Weigh In
Separately, Citigroup raised their price target on MultiPlan from $10.00 to $12.50 and gave the stock a "neutral" rating in a research note on Friday, January 10th.
View Our Latest Research Report on MPLN
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.
See Also
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