Strs Ohio bought a new position in Community Health Systems Inc. (NYSE:CYH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 78,000 shares of the company’s stock, valued at approximately $939,000.
Other large investors have also recently bought and sold shares of the company. Teachers Advisors Inc. boosted its position in shares of Community Health Systems by 6.1% in the first quarter. Teachers Advisors Inc. now owns 110,325 shares of the company’s stock valued at $2,042,000 after buying an additional 6,337 shares during the period. Eqis Capital Management Inc. raised its stake in Community Health Systems by 45.5% in the second quarter. Eqis Capital Management Inc. now owns 21,821 shares of the company’s stock worth $263,000 after buying an additional 6,820 shares in the last quarter. Legal & General Group Plc raised its stake in Community Health Systems by 7.1% in the first quarter. Legal & General Group Plc now owns 123,717 shares of the company’s stock worth $2,288,000 after buying an additional 8,223 shares in the last quarter. Atria Investments LLC bought a new stake in Community Health Systems during the second quarter worth $157,000. Finally, JFS Wealth Advisors LLC raised its stake in Community Health Systems by 28,122.2% in the second quarter. JFS Wealth Advisors LLC now owns 12,700 shares of the company’s stock worth $153,000 after buying an additional 12,655 shares in the last quarter. Institutional investors own 96.57% of the company’s stock.
Shares of Community Health Systems Inc. (NYSE:CYH) traded down 4.84% during midday trading on Friday, reaching $10.02. 3,683,603 shares of the company were exchanged. Community Health Systems Inc. has a 52-week low of $9.66 and a 52-week high of $35.30. The company’s market capitalization is $1.11 billion. The stock’s 50-day moving average price is $10.80 and its 200-day moving average price is $12.97.
Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.47. Community Health Systems had a negative net margin of 7.55% and a positive return on equity of 2.10%. The business earned $4.59 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Community Health Systems’s revenue was down 6.0% on a year-over-year basis. Analysts anticipate that Community Health Systems Inc. will post $1.32 EPS for the current year.
A number of research firms have weighed in on CYH. Barclays PLC lowered their target price on Community Health Systems from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, August 4th. Citigroup Inc. set a $12.00 price objective on Community Health Systems and gave the company a “hold” rating in a report on Saturday, October 1st. Jefferies Group reiterated a “hold” rating on shares of Community Health Systems in a report on Wednesday, August 10th. Vetr downgraded Community Health Systems from a “strong-buy” rating to a “buy” rating and set a $12.50 price target on the stock. in a research report on Wednesday, September 7th. Finally, Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, August 8th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.17.
In other Community Health Systems news, major shareholder Tian Qiao Chen bought 929,813 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were acquired at an average price of $10.27 per share, with a total value of $9,549,179.51. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 4.60% of the stock is currently owned by insiders.
About Community Health Systems
Community Health Systems, Inc is an operator of general acute care hospitals in communities. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Company operates through two segments: hospital operations and home care agencies operations.