David Einhorn Having a Banner Year in 2022: 5 Favorite Stock Picks

4. Change Healthcare Inc. (NASDAQ:CHNG)

Greenlight Capital’s Stake Value: $81.65 million

Percentage of Greenlight Capital’s 13F Portfolio: 5.18%

Number of Hedge Fund Holders: 50

Change Healthcare Inc. (NASDAQ:CHNG) operates as a healthcare technology company. It provides data and analytics-driven solutions which are used to enhance clinical, financial, administrative, and patient engagement outcomes in the US healthcare system.

On March 31, Credit Suisse analyst Jonathan Yong assumed coverage of Change Healthcare Inc. (NASDAQ:CHNG) with a ‘Neutral’ rating, and gave the stock an unchanged price target of $25.75.

At the close of the first quarter, David Einhorn’s Greenlight Capital owned 3.74 million shares of Change Healthcare Inc. (NASDAQ:CHNG) at a value of $81.7 million, representing 5.18% of his total portfolio. This signalled an increase of 3% in holding over the previous quarter.

50 hedge funds were long on the company shares at close of Q1 2022, as compared to 48 hedge funds a quarter earlier. David Abrams’ Abrams Capital Management held nearly 17 million shares of Change Healthcare Inc. (NASDAQ:CHNG) with a value of  $370.1 million, making it the firm’s largest shareholder in the first quarter of 2022.