Mirae Asset Global Investments Co. Ltd. Sells 122,491 Shares of Change Healthcare Inc. (NASDAQ:CHNG)

Mirae Asset Global Investments Co. Ltd. cut its stake in Change Healthcare Inc. (NASDAQ:CHNGGet Rating) by 14.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 697,990 shares of the company’s stock after selling 122,491 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.22% of Change Healthcare worth $15,216,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Advisor Group Holdings Inc. boosted its holdings in Change Healthcare by 13.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 6,335 shares of the company’s stock valued at $135,000 after purchasing an additional 731 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Change Healthcare by 40.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 4,858 shares of the company’s stock valued at $105,000 after buying an additional 1,407 shares in the last quarter. Fieldpoint Private Securities LLC raised its stake in shares of Change Healthcare by 27.8% in the 1st quarter. Fieldpoint Private Securities LLC now owns 6,579 shares of the company’s stock valued at $143,000 after buying an additional 1,433 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Change Healthcare by 1.6% in the 1st quarter. Treasurer of the State of North Carolina now owns 92,158 shares of the company’s stock valued at $2,009,000 after buying an additional 1,455 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Change Healthcare in the 1st quarter valued at $36,000. 91.47% of the stock is owned by institutional investors.

Change Healthcare Trading Down 0.3 %

CHNG opened at $25.49 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $8.37 billion, a PE ratio of -106.21, a PEG ratio of 3.10 and a beta of 1.02. Change Healthcare Inc. has a 1-year low of $18.97 and a 1-year high of $25.71. The firm has a 50-day moving average price of $24.45 and a two-hundred day moving average price of $23.49.

Wall Street Analysts Forecast Growth

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

Change Healthcare 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

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

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