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

Millennium Management LLC grew its position in MultiPlan Co. (NYSE:MPLN - Free Report) by 43.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,785 shares of the company's stock after purchasing an additional 46,002 shares during the period. Millennium Management LLC owned approximately 0.94% of MultiPlan worth $2,258,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MPLN. CastleKnight Management LP purchased a new stake in MultiPlan in the fourth quarter valued at approximately $3,314,000. Bridgeway Capital Management LLC increased its stake in shares of MultiPlan by 73.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 76,193 shares of the company's stock worth $1,126,000 after acquiring an additional 32,187 shares during the period. Ares Management LLC raised its holdings in shares of MultiPlan by 19.2% during the fourth quarter. Ares Management LLC now owns 893,738 shares of the company's stock worth $13,209,000 after purchasing an additional 144,000 shares during the last quarter. Jane Street Group LLC lifted its position in MultiPlan by 14.4% during 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, Northern Trust Corp lifted its position in MultiPlan by 5.5% during the fourth quarter. Northern Trust Corp now owns 14,335 shares of the company's stock valued at $212,000 after purchasing an additional 747 shares during the period. 87.15% of the stock is owned by institutional investors and hedge funds.

MultiPlan Stock Performance

MPLN traded down $0.20 during midday trading on Tuesday, hitting $38.25. 157,150 shares of the company were exchanged, compared to its average volume of 120,232. The company's 50 day simple moving average is $22.92 and its 200 day simple moving average is $18.24. The firm has a market capitalization of $618.54 million, a price-to-earnings ratio of -0.40 and a beta of 0.13. MultiPlan Co. has a 1-year low of $4.80 and a 1-year high of $29.84. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 21.73.

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.