5 Stocks Under $30 to Buy According to David Einhorn’s Greenlight Capital

3. Change Healthcare Inc. (NASDAQ:CHNG)

Greenlight Capital’s Stake Value: $75,108,000

Percentage of Greenlight Capital’s 13F Portfolio: 5.03%

Number of Hedge Fund Holders: 50

Share Price as of December 15: $20.83

Greenlight Capital’s $75.1 million position in Change Healthcare Inc. (NASDAQ:CHNG) represents 5.03% of the hedge fund’s total investments from the third quarter. Change Healthcare Inc. (NASDAQ:CHNG) is a company offering data analytics and data transfer between customers and service providers, to enable improved workflows, assist administrative and financial efficiencies, and refine clinical decisions. 

Earnings for the quarter ending September were published by Change Healthcare Inc. (NASDAQ:CHNG) on November 3. The company reported an EPS of $0.35, beating estimates by $0.35. The revenue jumped 9.37% from the prior year quarter to $826.76 million, but missed estimates by $6.33 million. 

50 funds reported owning stakes in Change Healthcare Inc. (NASDAQ:CHNG) in Q3 2021, down from 51 funds in the preceding quarter. Abrams Capital Management is the biggest Change Healthcare Inc. (NASDAQ:CHNG) stakeholder, with 16.9 million shares worth $355.5 million.