XTX Topco Ltd Invests $225,000 in MultiPlan Co. (NYSE:MPLN)

XTX Topco Ltd purchased a new stake in shares of MultiPlan Co. (NYSE:MPLN - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,209 shares of the company's stock, valued at approximately $225,000. XTX Topco Ltd owned about 0.09% of MultiPlan as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of MPLN. Empowered Funds LLC lifted its position in MultiPlan by 5.0% during the fourth quarter. Empowered Funds LLC now owns 46,191 shares of the company's stock valued at $683,000 after purchasing an additional 2,188 shares during the period. Beach Point Capital Management LP lifted its holdings in shares of MultiPlan by 9.2% in the 4th quarter. Beach Point Capital Management LP now owns 384,982 shares of the company's stock valued at $5,690,000 after buying an additional 32,582 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of MultiPlan in the fourth quarter worth about $292,000. Prudential Financial Inc. acquired a new stake in MultiPlan during the fourth quarter worth about $2,494,000. Finally, Geode Capital Management LLC raised its position in MultiPlan by 17.3% during the fourth quarter. Geode Capital Management LLC now owns 67,615 shares of the company's stock valued at $1,000,000 after acquiring an additional 9,954 shares in the last quarter. 87.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Citigroup raised their price objective on shares of MultiPlan from $10.00 to $12.50 and gave the stock a "neutral" rating in a research note on Friday, January 10th.

MultiPlan Price Performance

Shares of MultiPlan stock traded down $0.23 on Friday, hitting $22.20. The company's stock had a trading volume of 52,223 shares, compared to its average volume of 115,044. 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 Co. has a 1 year low of $4.80 and a 1 year high of $31.01. The firm has a fifty day moving average price of $20.58 and a 200-day moving average price of $15.66. The company has a market capitalization of $359.00 million, a price-to-earnings ratio of -0.23 and a beta of 0.13.

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.