Mirae Asset Global Investments Co. Ltd. Has $15.22 Million Holdings in Change Healthcare Inc. (NASDAQ:CHNG)

Mirae Asset Global Investments Co. Ltd. cut its holdings in Change Healthcare Inc. (NASDAQ:CHNGGet Rating) by 14.9% during the first quarter, Holdings Channel.com reports. The firm owned 697,990 shares of the company’s stock after selling 122,491 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Change Healthcare were worth $15,216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its holdings in shares of Change Healthcare by 29.3% in the first quarter. The Manufacturers Life Insurance Company now owns 3,108,416 shares of the company’s stock valued at $67,763,000 after purchasing an additional 704,461 shares during the last quarter. Toroso Investments LLC acquired a new stake in shares of Change Healthcare in the first quarter valued at approximately $228,000. Gabelli Funds LLC raised its holdings in shares of Change Healthcare by 8.3% in the first quarter. Gabelli Funds LLC now owns 874,098 shares of the company’s stock valued at $19,055,000 after purchasing an additional 66,850 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Change Healthcare in the first quarter valued at approximately $14,165,000. Finally, Weiss Multi Strategy Advisers LLC raised its holdings in shares of Change Healthcare by 548.2% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 205,811 shares of the company’s stock valued at $4,487,000 after purchasing an additional 174,060 shares during the last quarter. 91.47% of the stock is currently owned by institutional investors and hedge funds.

Change Healthcare Trading Down 0.3 %

CHNG stock opened at $25.49 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. The company has a fifty day moving average price of $24.45 and a two-hundred day moving average price of $23.49. Change Healthcare Inc. has a one year low of $18.97 and a one year high of $25.71. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of -106.21, a price-to-earnings-growth ratio of 3.10 and a beta of 1.02.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CHNG shares. Cowen set a $27.75 price objective on shares of Change Healthcare in a report on Monday, June 20th. SVB Leerink restated an “outperform” rating on shares of Change Healthcare in a report on Thursday, May 26th. Credit Suisse Group boosted their target price on shares of Change Healthcare from $25.75 to $27.75 and gave the stock a “neutral” rating in a report on Tuesday, May 31st. Truist Financial started coverage on shares of Change Healthcare in a report on Wednesday, September 7th. They set a “hold” rating and a $27.75 target price on the stock. Finally, Citigroup boosted their target price on shares of Change Healthcare from $25.75 to $27.75 and gave the stock a “buy” rating in a report on Wednesday, June 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Change Healthcare has a consensus rating of “Moderate Buy” and an average target price of $27.40.

Change Healthcare Company Profile

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Change Healthcare Inc, an independent healthcare technology company, provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system. It operates through three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services.

See Also

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Institutional Ownership by Quarter for Change Healthcare (NASDAQ:CHNG)

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