SG Americas Securities LLC Lowers Stock Holdings in MultiPlan Co. (NYSE:MPLN)

SG Americas Securities LLC trimmed its stake in MultiPlan Co. (NYSE:MPLN – Get Rating) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,821 shares of the company’s stock after selling 36,348 shares during the period. SG Americas Securities LLC’s holdings in MultiPlan were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in MPLN. Teacher Retirement System of Texas raised its holdings in shares of MultiPlan by 18.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 31,373 shares of the company’s stock valued at $172,000 after purchasing an additional 4,972 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of MultiPlan in the 2nd quarter valued at about $28,000. Mackenzie Financial Corp raised its holdings in shares of MultiPlan by 50.2% in the 1st quarter. Mackenzie Financial Corp now owns 18,372 shares of the company’s stock valued at $86,000 after purchasing an additional 6,140 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of MultiPlan by 16.7% in the 4th quarter. ProShare Advisors LLC now owns 48,625 shares of the company’s stock valued at $56,000 after purchasing an additional 6,969 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of MultiPlan by 60.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,656 shares of the company’s stock valued at $53,000 after purchasing an additional 6,998 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

MultiPlan Stock Performance

NYSE MPLN opened at $1.00 on Monday. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 2.65. The firm has a market cap of $639.17 million, a PE ratio of -1.03 and a beta of 0.50. The company has a 50 day moving average price of $1.03 and a 200 day moving average price of $1.29. MultiPlan Co. has a 52 week low of $0.61 and a 52 week high of $6.19.

MultiPlan (NYSE:MPLN – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $241.09 million for the quarter. MultiPlan had a negative return on equity of 5.89% and a negative net margin of 60.56%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MPLN. Citigroup reduced their price target on shares of MultiPlan from $2.00 to $1.25 and set a “neutral” rating for the company in a report on Wednesday, March 8th. Barclays reduced their price target on shares of MultiPlan from $3.00 to $1.00 and set an “equal weight” rating for the company in a report on Wednesday, January 18th.

MultiPlan Profile

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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, which reduce medical costs through data-driven algorithms that detect claims over-charges and recommend or negotiate reimbursement; network-based services that reduce medical costs through contracted discounts with healthcare providers; and payment and revenue integrity services, which reduce medical costs by identifying and removing improper and unnecessary charges paid during the claim.