Vident Investment Advisory LLC raised its position in Community Health Systems (NYSE:CYH) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,688 shares of the company’s stock after acquiring an additional 19,712 shares during the quarter. Vident Investment Advisory LLC owned 0.28% of Community Health Systems worth $1,375,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. LPL Financial LLC grew its position in shares of Community Health Systems by 14.9% during the fourth quarter. LPL Financial LLC now owns 76,033 shares of the company’s stock worth $324,000 after buying an additional 9,844 shares in the last quarter. Commonwealth Bank of Australia grew its position in shares of Community Health Systems by 9.4% during the third quarter. Commonwealth Bank of Australia now owns 146,600 shares of the company’s stock worth $1,122,000 after buying an additional 12,600 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Community Health Systems by 8.3% during the third quarter. California State Teachers Retirement System now owns 182,566 shares of the company’s stock worth $1,402,000 after buying an additional 14,007 shares in the last quarter. FrontFour Capital Group LLC acquired a new stake in shares of Community Health Systems during the third quarter worth approximately $113,000. Finally, Municipal Employees Retirement System of Michigan grew its position in shares of Community Health Systems by 60.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 43,030 shares of the company’s stock worth $330,000 after buying an additional 16,150 shares in the last quarter. 94.72% of the stock is owned by institutional investors.
CYH stock opened at $4.16 on Wednesday. Community Health Systems has a one year low of $3.85 and a one year high of $10.51. The stock has a market capitalization of $496.34, a price-to-earnings ratio of -0.19 and a beta of 1.52. The company has a debt-to-equity ratio of -20.06, a quick ratio of 1.54 and a current ratio of 1.73.
Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.09. Community Health Systems had a negative return on equity of 14.18% and a negative net margin of 16.01%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was down 31.6% on a year-over-year basis. analysts predict that Community Health Systems will post -1.31 EPS for the current fiscal year.
A number of analysts have recently weighed in on CYH shares. ValuEngine raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. downgraded shares of Community Health Systems from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 14th. Zacks Investment Research downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, December 18th. Goldman Sachs started coverage on shares of Community Health Systems in a research report on Wednesday, January 3rd. They set a “sell” rating and a $3.00 price target for the company. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $6.00 price target on shares of Community Health Systems in a research report on Thursday, January 11th. Eight equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.98.
In other news, major shareholder Tian Qiao Chen acquired 478,700 shares of Community Health Systems stock in a transaction that occurred on Monday, January 8th. The shares were purchased at an average cost of $3.98 per share, for a total transaction of $1,905,226.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 1,880,320 shares of company stock worth $7,481,839 over the last 90 days. 4.70% of the stock is currently owned by company insiders.
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Community Health Systems Profile
Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.
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