HighTower Advisors LLC Acquires New Stake in Community Health Systems, Inc. (NYSE:CYH)

HighTower Advisors LLC purchased a new position in shares of Community Health Systems, Inc. (NYSE:CYH) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,152 shares of the company’s stock, valued at approximately $152,000.

Other large investors also recently added to or reduced their stakes in the company. Nationwide Fund Advisors raised its stake in Community Health Systems by 214.9% in the first quarter. Nationwide Fund Advisors now owns 238,001 shares of the company’s stock worth $2,111,000 after buying an additional 162,431 shares during the period. State of Alaska Department of Revenue raised its stake in Community Health Systems by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 12,570 shares of the company’s stock worth $111,000 after buying an additional 270 shares during the period. Nisa Investment Advisors LLC bought a new stake in Community Health Systems during the first quarter worth approximately $200,000. Louisiana State Employees Retirement System raised its stake in Community Health Systems by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock worth $412,000 after buying an additional 700 shares during the period. Finally, Horrell Capital Management Inc. raised its stake in Community Health Systems by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $242,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Shares of Community Health Systems, Inc. (CYH) opened at 7.45 on Friday. The stock’s market capitalization is $833.92 million. Community Health Systems, Inc. has a 52 week low of $4.15 and a 52 week high of $13.28. The stock has a 50 day moving average price of $8.52 and a 200 day moving average price of $8.64.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of $0.06 by $0.31. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. On average, equities research analysts expect that Community Health Systems, Inc. will post ($0.32) EPS for the current year.

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Several equities research analysts recently commented on the company. Zacks Investment Research lowered Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 3rd. BidaskClub upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Vetr lowered Community Health Systems from a “hold” rating to a “sell” rating and set a $8.62 target price on the stock. in a research report on Monday, April 17th. Piper Jaffray Companies restated a “sell” rating and set a $9.00 target price on shares of Community Health Systems in a research report on Wednesday, July 26th. Finally, Morgan Stanley assumed coverage on Community Health Systems in a research report on Tuesday, June 6th. They set an “underweight” rating and a $9.50 target price on the stock. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. Community Health Systems currently has a consensus rating of “Hold” and an average price target of $8.02.

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.

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

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