HighTower Advisors LLC Invests $152,000 in Community Health Systems, Inc. (NYSE:CYH)

HighTower Advisors LLC acquired a new stake in Community Health Systems, Inc. (NYSE:CYH) during the first quarter, Holdings Channel reports. The firm acquired 17,152 shares of the company’s stock, valued at approximately $152,000.

A number of other large investors have also recently bought and sold shares of CYH. BlackRock Inc. raised its stake in Community Health Systems by 38,765.3% in the first quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock valued at $130,263,000 after buying an additional 14,647,864 shares during the period. Vanguard Group Inc. raised its stake in Community Health Systems by 15.2% in the first quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock valued at $88,288,000 after buying an additional 1,312,513 shares during the period. Saba Capital Management L.P. raised its stake in Community Health Systems by 8.8% in the first quarter. Saba Capital Management L.P. now owns 3,706,181 shares of the company’s stock valued at $32,874,000 after buying an additional 300,712 shares during the period. State Street Corp raised its stake in Community Health Systems by 0.8% in the first quarter. State Street Corp now owns 3,292,332 shares of the company’s stock valued at $29,203,000 after buying an additional 25,290 shares during the period. Finally, Royce & Associates LP raised its stake in Community Health Systems by 15.6% in the first quarter. Royce & Associates LP now owns 2,181,495 shares of the company’s stock valued at $19,350,000 after buying an additional 293,800 shares during the period. Institutional investors own 95.46% of the company’s stock.

Community Health Systems, Inc. (NYSE:CYH) opened at 8.71 on Wednesday. Community Health Systems, Inc. has a 12-month low of $4.15 and a 12-month high of $13.46. The company has a 50-day moving average price of $9.23 and a 200-day moving average price of $8.64. The firm’s market capitalization is $974.65 million.

Community Health Systems (NYSE:CYH) last released its earnings results on Monday, May 1st. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Community Health Systems had a negative net margin of 10.77% and a positive return on equity of 1.79%. Community Health Systems’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. On average, analysts predict that Community Health Systems, Inc. will post $0.36 earnings per share for the current year.

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CYH has been the subject of several research reports. Zacks Investment Research upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Vetr upgraded Community Health Systems from a “strong sell” rating to a “sell” rating and set a $7.83 price objective for the company in a research note on Monday, April 3rd. BidaskClub upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Deutsche Bank AG initiated coverage on Community Health Systems in a research note on Wednesday, April 5th. They set a “hold” rating and a $11.00 price objective for the company. Finally, Piper Jaffray Companies reiterated a “sell” rating and set a $9.00 price objective on shares of Community Health Systems in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $8.74.

About Community Health Systems

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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Institutional Ownership by Quarter for Community Health Systems (NYSE:CYH)

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