5 Healthcare Stocks to Buy According to Peter S. Park’s Park West Asset Management

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1. Change Healthcare Inc. (NASDAQ:CHNG)

Park’s Stake Value: $133,632,000
Percentage of Peter S. Park’s 13F Portfolio: 3.8%
Number of Hedge Fund Holders: 51

Change Healthcare Inc. (NASDAQ:CHNG) is a healthcare technology company that develops data- and analytics-driven solutions to improve clinical, financial, administrative, and patient engagement results in the US healthcare system. The company was founded in 2016 and is placed first on the list of 10 healthcare stocks to buy according to Peter S. Park’s Park West Asset Management. Change Healthcare Inc. (NASDAQ:CHNG) shares have returned 56.32% to investors over the course of the past 12 months.

On August 4, Change Healthcare Inc. (NASDAQ:CHNG) posted earnings for the second quarter of 2021. It declared earnings per share of $0.41, missing the estimates by $0.03. Revenue over the period was $867.9 million, up 25.0% YoY, beating the market predictions by $10.33 million. 

Park West Asset Management added this stock to its portfolio in the second quarter of 2021. The hedge fund bought 5.80 million shares in Change Healthcare Inc. (NASDAQ:CHNG), worth over $133.63 million, representing 3.8% of their portfolio. David Abrams’s Abrams Capital Management is Change Healthcare Inc.’s (NASDAQ:CHNG) most significant stakeholder, with 13.94 million shares worth $321.27 million.

You can also take a peek at 10 Best Healthcare Stocks To Buy and 10 Best Healthcare Stocks to Buy According to Larry Robbins’ Glenview Capital 

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