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

XTX Topco Ltd bought a new position in MultiPlan Co. (NYSE:MPLN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,209 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds have also recently bought and sold shares of the company. Beach Point Capital Management LP grew 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 worth $5,690,000 after purchasing an additional 32,582 shares during the last quarter. Prudential Financial Inc. acquired a new position in MultiPlan in the fourth quarter valued at about $2,494,000. Geode Capital Management LLC grew its stake in MultiPlan by 17.3% during the fourth quarter. Geode Capital Management LLC now owns 67,615 shares of the company’s stock worth $1,000,000 after buying an additional 9,954 shares during the last quarter. Empowered Funds LLC raised its stake in shares of MultiPlan by 5.0% in the fourth quarter. Empowered Funds LLC now owns 46,191 shares of the company’s stock valued at $683,000 after acquiring an additional 2,188 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of MultiPlan in the 4th quarter worth approximately $610,000. 87.15% of the stock is currently owned by institutional investors and hedge funds.

MultiPlan Stock Up 1.9 %

Shares of NYSE:MPLN opened at $22.99 on Friday. MultiPlan Co. has a 12 month low of $4.80 and a 12 month high of $31.01. The firm has a market cap of $371.77 million, a P/E 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 company’s 50-day moving average price is $21.12 and its two-hundred day moving average price is $15.36.

Analyst Upgrades and Downgrades

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

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.