RBF Capital LLC Has $2.17 Million Stake in MultiPlan Co. (NYSE:MPLN)

RBF Capital LLC boosted its position in shares of MultiPlan Co. (NYSE:MPLN - Free Report) by 62.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 147,051 shares of the company's stock after purchasing an additional 56,470 shares during the quarter. RBF Capital LLC owned about 0.91% of MultiPlan worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new stake in shares of MultiPlan during the fourth quarter worth approximately $225,000. Oppenheimer & Co. Inc. bought a new position in MultiPlan in the fourth quarter valued at $292,000. Walleye Capital LLC acquired a new stake in shares of MultiPlan in the fourth quarter valued at about $359,000. Renaissance Technologies LLC boosted its position in MultiPlan by 13.7% during the fourth quarter. Renaissance Technologies LLC now owns 37,415 shares of the company's stock valued at $553,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of MultiPlan in the fourth quarter valued at approximately $610,000. 87.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Citigroup upped their target price on MultiPlan from $10.00 to $12.50 and gave the company a "neutral" rating in a research report on Friday, January 10th.

MultiPlan Price Performance

NYSE MPLN traded up $0.42 during trading on Monday, hitting $22.99. 50,864 shares of the company's stock were exchanged, compared to its average volume of 114,228. The company has a market cap of $371.77 million, a PE ratio of -0.24 and a beta of 0.13. MultiPlan Co. has a fifty-two week low of $4.80 and a fifty-two week high of $31.01. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 21.73. The stock's 50 day moving average price is $21.12 and its two-hundred day moving average price is $15.40.

MultiPlan Company 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.