Vanguard Group Inc. Grows Position in Community Health Systems, Inc. (NYSE:CYH)

Vanguard Group Inc. boosted its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 12.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,200,657 shares of the company’s stock after acquiring an additional 1,229,039 shares during the period. Vanguard Group Inc. owned 0.08% of Community Health Systems worth $33,490,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CYH. Y Intercept Hong Kong Ltd bought a new stake in shares of Community Health Systems in the third quarter worth about $500,000. Barclays PLC grew its holdings in Community Health Systems by 1,278.2% during the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock valued at $4,296,000 after buying an additional 656,447 shares in the last quarter. Franklin Resources Inc. increased its stake in Community Health Systems by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 75,520 shares of the company’s stock worth $422,000 after acquiring an additional 2,989 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Community Health Systems by 157.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock worth $12,459,000 after acquiring an additional 2,550,678 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Community Health Systems by 166.7% in the fourth quarter. SG Americas Securities LLC now owns 59,529 shares of the company’s stock valued at $178,000 after purchasing an additional 37,211 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CYH. Wells Fargo & Company decreased their price target on shares of Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. Guggenheim assumed coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They set a “neutral” rating on the stock. UBS Group dropped their price target on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Barclays lowered their price objective on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th. Finally, StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.02.

Community Health Systems Stock Performance

Shares of CYH stock opened at $2.48 on Monday. The stock has a 50 day moving average price of $2.96 and a 200 day moving average price of $3.60. The firm has a market capitalization of $347.25 million, a P/E ratio of -0.63 and a beta of 1.72. Community Health Systems, Inc. has a 52-week low of $2.24 and a 52-week high of $6.29.

Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.14 billion. As a group, sell-side analysts forecast that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Community Health Systems Company Profile

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.