MultiPlan Co. (NYSE:MPLN) Director Anthony Colaluca, Jr. Buys 160,000 Shares

MultiPlan Co. (NYSE:MPLNGet Free Report) Director Anthony Colaluca, Jr. acquired 160,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average price of $0.60 per share, with a total value of $96,000.00. Following the acquisition, the director now owns 220,000 shares of the company’s stock, valued at approximately $132,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

MultiPlan Trading Down 2.0 %

Shares of NYSE MPLN opened at $0.54 on Wednesday. MultiPlan Co. has a twelve month low of $0.51 and a twelve month high of $2.29. The stock has a market cap of $344.80 million, a price-to-earnings ratio of -0.55 and a beta of 0.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 3.85. The company’s fifty day moving average is $0.71 and its 200-day moving average is $1.06.

MultiPlan (NYSE:MPLNGet Free Report) last posted its earnings results on Thursday, February 29th. The company reported ($0.06) earnings per share for the quarter. MultiPlan had a negative return on equity of 8.11% and a negative net margin of 65.83%. The business had revenue of $244.14 million for the quarter.

Hedge Funds Weigh In On MultiPlan

Several institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in MultiPlan in the third quarter valued at approximately $27,000. Tower Research Capital LLC TRC raised its holdings in shares of MultiPlan by 159.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 20,883 shares of the company’s stock worth $30,000 after acquiring an additional 12,837 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in MultiPlan in the 3rd quarter valued at $42,000. Principal Financial Group Inc. boosted its stake in MultiPlan by 43.4% in the 3rd quarter. Principal Financial Group Inc. now owns 57,674 shares of the company’s stock worth $97,000 after purchasing an additional 17,454 shares during the period. Finally, Arizona State Retirement System increased its holdings in MultiPlan by 20.0% during the 3rd quarter. Arizona State Retirement System now owns 75,383 shares of the company’s stock worth $127,000 after purchasing an additional 12,547 shares in the last quarter. 87.15% of the stock is currently owned by institutional investors and hedge funds.

About MultiPlan

(Get Free Report)

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.

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