Public Employees Retirement System of Ohio acquired a new position in shares of Change Healthcare Inc. (NASDAQ:CHNG) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,557 shares of the company’s stock, valued at approximately $188,000.

Several other large investors have also modified their holdings of CHNG. Point72 Asset Management L.P. grew its position in Change Healthcare by 90.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,582,231 shares of the company’s stock valued at $55,353,000 after acquiring an additional 2,175,105 shares in the last quarter. California State Teachers Retirement System acquired a new position in Change Healthcare in the 3rd quarter valued at about $968,000. Boston Partners grew its position in Change Healthcare by 5.2% in the 3rd quarter. Boston Partners now owns 7,428,639 shares of the company’s stock valued at $89,765,000 after acquiring an additional 365,090 shares in the last quarter. State Street Corp acquired a new position in Change Healthcare in the 3rd quarter valued at about $5,221,000. Finally, Massachusetts Financial Services Co. MA grew its position in Change Healthcare by 2.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,558,158 shares of the company’s stock valued at $30,902,000 after acquiring an additional 58,158 shares in the last quarter. 92.89% of the stock is owned by hedge funds and other institutional investors.

Shares of CHNG opened at $13.67 on Friday. The firm has a 50-day moving average of $13.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.95 and a quick ratio of 0.95. Change Healthcare Inc. has a 1 year low of $11.24 and a 1 year high of $15.50.

Change Healthcare (NASDAQ:CHNG) last announced its quarterly earnings data on Thursday, November 14th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $795.81 million during the quarter, compared to analysts’ expectations of $776.18 million. The company’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts expect that Change Healthcare Inc. will post 1.42 EPS for the current year.

CHNG has been the subject of several research reports. Royal Bank of Canada initiated coverage on Change Healthcare in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $16.00 target price for the company. ValuEngine raised Change Healthcare from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Zacks Investment Research raised Change Healthcare from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank initiated coverage on Change Healthcare in a research report on Thursday, September 26th. They issued a “buy” rating and a $15.00 target price for the company. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.59.

About Change Healthcare

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

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

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