MultiPlan Co. (NYSE:MPLN) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its stake in shares of MultiPlan Co. (NYSE:MPLN) by 5.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 14,335 shares of the company’s stock after acquiring an additional 747 shares during the period. Northern Trust Corp owned about 0.09% of MultiPlan worth $212,000 at the end of the most recent quarter.

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

MultiPlan Price Performance

Shares of NYSE MPLN opened at $38.45 on Tuesday. The firm has a 50-day simple moving average of $22.92 and a 200-day simple moving average of $18.24. 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 market capitalization of $621.77 million, a price-to-earnings ratio of -0.40 and a beta of 0.13. MultiPlan Co. has a 52 week low of $4.80 and a 52 week high of $29.84.

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.