Bank of New York Mellon Corp boosted its position in shares of Community Health Systems (NYSE:CYH) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,335,691 shares of the company’s stock after acquiring an additional 32,795 shares during the period. Bank of New York Mellon Corp’s holdings in Community Health Systems were worth $4,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CYH. Millennium Management LLC acquired a new position in shares of Community Health Systems in the 2nd quarter valued at about $1,618,000. First Midwest Bank Trust Division acquired a new position in shares of Community Health Systems in the 3rd quarter valued at about $257,000. Systematic Financial Management LP lifted its stake in shares of Community Health Systems by 23.7% in the 3rd quarter. Systematic Financial Management LP now owns 392,255 shares of the company’s stock valued at $1,357,000 after purchasing an additional 75,130 shares during the period. Finally, Commonwealth Bank of Australia lifted its stake in shares of Community Health Systems by 277.3% in the 3rd quarter. Commonwealth Bank of Australia now owns 380,000 shares of the company’s stock valued at $1,313,000 after purchasing an additional 279,282 shares during the period. 99.09% of the stock is owned by institutional investors.

CYH stock opened at $3.85 on Thursday. Community Health Systems has a fifty-two week low of $2.48 and a fifty-two week high of $6.36. The company has a market cap of $430.25 million, a P/E ratio of -3.21 and a beta of 2.51.

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald dropped their price objective on Community Health Systems from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 31st. UBS Group assumed coverage on Community Health Systems in a research note on Thursday, November 15th. They issued a “sell” rating and a $2.00 price objective on the stock. Zacks Investment Research downgraded Community Health Systems from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, ValuEngine downgraded Community Health Systems from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Community Health Systems currently has a consensus rating of “Hold” and a consensus price target of $3.50.

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Community Health Systems Profile

Community Health Systems, Inc, together with its subsidiaries, 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.

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

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