Jane Street Group LLC Has $133,000 Stock Position in MultiPlan Co. (NYSE:MPLN)

Jane Street Group LLC lowered its stake in MultiPlan Co. (NYSE:MPLN) by 99.0% during the third quarter, HoldingsChannel.com reports. The firm owned 17,473 shares of the company’s stock after selling 1,796,605 shares during the period. Jane Street Group LLC’s holdings in MultiPlan were worth $133,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MPLN. Hsbc Holdings PLC raised its stake in MultiPlan by 68.7% during the 2nd quarter. Hsbc Holdings PLC now owns 218,459 shares of the company’s stock worth $87,000 after buying an additional 88,944 shares during the period. Point72 DIFC Ltd acquired a new stake in MultiPlan during the 2nd quarter worth $43,000. Cubist Systematic Strategies LLC acquired a new stake in MultiPlan during the 2nd quarter worth $72,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in MultiPlan during the 2nd quarter worth $245,000. Finally, AQR Capital Management LLC raised its stake in MultiPlan by 386.2% during the 2nd quarter. AQR Capital Management LLC now owns 2,742,735 shares of the company’s stock worth $1,065,000 after buying an additional 2,178,590 shares during the period. Institutional investors and hedge funds own 87.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup raised their price objective on MultiPlan from $10.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday.

MultiPlan Trading Up 15.0 %

Shares of MultiPlan stock opened at $14.64 on Tuesday. The business’s fifty day simple moving average is $9.12. The firm has a market cap of $236.74 million, a P/E ratio of -0.15 and a beta of 0.10. The company has a debt-to-equity ratio of 21.73, a current ratio of 1.05 and a quick ratio of 1.05. MultiPlan Co. has a 12 month low of $4.80 and a 12 month high of $53.60.

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.