Walleye Capital LLC purchased a new position in shares of MultiPlan Co. (NYSE:MPLN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,312 shares of the company's stock, valued at approximately $359,000. Walleye Capital LLC owned 0.15% of MultiPlan at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Beach Point Capital Management LP increased its stake in shares of MultiPlan by 9.2% during the fourth quarter. Beach Point Capital Management LP now owns 384,982 shares of the company's stock worth $5,690,000 after buying an additional 32,582 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of MultiPlan during the fourth quarter worth approximately $292,000. Empowered Funds LLC increased its stake in shares of MultiPlan by 5.0% during the fourth quarter. Empowered Funds LLC now owns 46,191 shares of the company's stock worth $683,000 after buying an additional 2,188 shares during the period. Prudential Financial Inc. purchased a new stake in shares of MultiPlan during the fourth quarter worth approximately $2,494,000. Finally, Trexquant Investment LP purchased a new stake in shares of MultiPlan during the fourth quarter worth approximately $610,000. 87.15% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Citigroup increased their price target on shares of MultiPlan from $10.00 to $12.50 and gave the company a "neutral" rating in a research note on Friday, January 10th.
View Our Latest Report on MultiPlan
MultiPlan Stock Performance
MPLN traded up $0.61 on Wednesday, reaching $23.02. The company had a trading volume of 44,691 shares, compared to its average volume of 114,666. MultiPlan Co. has a 1 year low of $4.80 and a 1 year high of $31.01. The stock has a market capitalization of $372.26 million, a PE ratio of -0.24 and a beta of 0.13. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 21.73. The stock has a 50-day moving average price of $20.72 and a 200-day moving average price of $15.58.
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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