18,000 Shares in MultiPlan Co. (NYSE:MPLN) Acquired by Resources Investment Advisors LLC.

Resources Investment Advisors LLC. purchased a new position in MultiPlan Co. (NYSE:MPLNGet Rating) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,000 shares of the company’s stock, valued at approximately $84,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CIBC Asset Management Inc raised its holdings in MultiPlan by 11.1% during the 4th quarter. CIBC Asset Management Inc now owns 29,862 shares of the company’s stock valued at $132,000 after acquiring an additional 2,985 shares during the period. Teacher Retirement System of Texas raised its holdings in MultiPlan by 16.5% during the 4th quarter. Teacher Retirement System of Texas now owns 25,091 shares of the company’s stock valued at $111,000 after acquiring an additional 3,555 shares during the period. New York State Common Retirement Fund raised its holdings in MultiPlan by 1.5% during the 1st quarter. New York State Common Retirement Fund now owns 251,021 shares of the company’s stock valued at $1,175,000 after acquiring an additional 3,773 shares during the period. Strs Ohio purchased a new position in shares of MultiPlan during the 1st quarter valued at $34,000. Finally, Xponance Inc. grew its position in shares of MultiPlan by 68.7% during the 4th quarter. Xponance Inc. now owns 18,024 shares of the company’s stock valued at $80,000 after purchasing an additional 7,340 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MPLN. Citigroup boosted their price target on shares of MultiPlan from $6.00 to $6.50 in a research report on Wednesday, May 11th. The Goldman Sachs Group began coverage on shares of MultiPlan in a research report on Tuesday, July 12th. They set a “neutral” rating and a $6.50 price target for the company.

MultiPlan Stock Down 1.8 %

Shares of NYSE:MPLN opened at $4.39 on Friday. MultiPlan Co. has a 52-week low of $3.25 and a 52-week high of $7.57. The firm has a fifty day moving average of $5.30 and a 200 day moving average of $4.69. The firm has a market capitalization of $2.80 billion, a PE ratio of 27.44 and a beta of -0.06. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.25 and a current ratio of 2.25.

MultiPlan (NYSE:MPLNGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported $0.07 earnings per share (EPS) for the quarter. MultiPlan had a net margin of 8.63% and a return on equity of 6.99%. The company had revenue of $298.05 million during the quarter.

About MultiPlan

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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.

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Institutional Ownership by Quarter for MultiPlan (NYSE:MPLN)

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