Jane Street Group LLC Sells 1,796,605 Shares of MultiPlan Co. (NYSE:MPLN)

Jane Street Group LLC reduced its stake in MultiPlan Co. (NYSE:MPLN) by 99.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,473 shares of the company’s stock after selling 1,796,605 shares during the period. Jane Street Group LLC owned approximately 0.11% of MultiPlan worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Millennium Management LLC grew its position in MultiPlan by 3,401.0% during the 2nd quarter. Millennium Management LLC now owns 8,426,081 shares of the company’s stock worth $3,273,000 after acquiring an additional 8,185,402 shares during the last quarter. AQR Capital Management LLC grew its position 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 acquiring an additional 2,178,590 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in MultiPlan during the 2nd quarter worth $245,000. Cubist Systematic Strategies LLC acquired a new position in MultiPlan during the 2nd quarter worth $72,000. Finally, Point72 DIFC Ltd acquired a new position in MultiPlan during the 2nd quarter worth $43,000. 87.15% of the stock is currently owned by institutional investors.

MultiPlan Stock Performance

NYSE:MPLN opened at $14.64 on Tuesday. The stock’s fifty day moving average price is $9.12. The company has a debt-to-equity ratio of 21.73, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $236.74 million, a P/E ratio of -0.15 and a beta of 0.10. MultiPlan Co. has a 52-week low of $4.80 and a 52-week high of $53.60.

Wall Street Analyst Weigh In

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

About MultiPlan

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.