MultiPlan Co. (NYSE:MPLN) Shares Bought by Millennium Management LLC

Millennium Management LLC boosted its position in MultiPlan Co. (NYSE:MPLN - Free Report) by 43.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,785 shares of the company's stock after acquiring an additional 46,002 shares during the quarter. Millennium Management LLC owned 0.94% of MultiPlan worth $2,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in 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 acquiring an additional 747 shares during the last quarter. XTX Topco Ltd acquired a new position in MultiPlan in the fourth quarter valued at $225,000. Oppenheimer & Co. Inc. acquired a new position in MultiPlan in the fourth quarter valued at $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 acquiring an additional 2,512 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in MultiPlan in the fourth quarter valued at $359,000. Institutional investors and hedge funds own 87.15% of the company's stock.

MultiPlan Trading Down 2.1%

MultiPlan stock traded down $0.79 during midday trading on Thursday, reaching $36.80. The stock had a trading volume of 118,903 shares, compared to its average volume of 121,185. The stock's 50-day simple moving average is $23.88 and its 200 day simple moving average is $18.72. The stock has a market capitalization of $595.09 million, a PE ratio of -0.39 and a beta of 0.13. MultiPlan Co. has a twelve month low of $4.80 and a twelve month high of $29.84. The company has a debt-to-equity ratio of 21.73, a quick ratio of 1.05 and a current ratio of 1.05.

MultiPlan Profile

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.