Tekla Capital Management LLC held its stake in Community Health Systems, Inc. (NYSE:CYH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,935 shares of the company’s stock at the close of the 2nd quarter. Tekla Capital Management LLC owned about 0.18% of Community Health Systems worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Nisa Investment Advisors LLC grew its stake in shares of Community Health Systems by 1.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 22,750 shares of the company’s stock valued at $227,000 after buying an additional 250 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Community Health Systems by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 46,700 shares of the company’s stock valued at $465,000 after buying an additional 300 shares during the period. World Asset Management Inc grew its stake in shares of Community Health Systems by 3.2% in the 1st quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock valued at $110,000 after buying an additional 387 shares during the period. Arizona State Retirement System grew its stake in shares of Community Health Systems by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 59,800 shares of the company’s stock valued at $596,000 after buying an additional 500 shares during the period. Finally, Horrell Capital Management Inc. grew its stake in shares of Community Health Systems by 2.5% in the 2nd quarter. Horrell Capital Management Inc. now owns 27,941 shares of the company’s stock valued at $278,000 after buying an additional 681 shares during the period. Hedge funds and other institutional investors own 94.69% of the company’s stock.

Community Health Systems, Inc. (NYSE CYH) traded up 1.86% during trading on Friday, hitting $7.68. 1,636,060 shares of the company’s stock traded hands. Community Health Systems, Inc. has a 12 month low of $4.15 and a 12 month high of $11.74. The company’s 50 day moving average is $7.16 and its 200-day moving average is $8.63. The stock’s market cap is $859.66 million.

Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.31). The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS. On average, analysts predict that Community Health Systems, Inc. will post ($0.31) earnings per share for the current year.

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Several analysts have recently commented on CYH shares. Zacks Investment Research upgraded Community Health Systems from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, July 11th. Royal Bank Of Canada restated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Friday, August 4th. Deutsche Bank AG reduced their target price on Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd. BidaskClub upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Sunday, July 30th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $7.84.

In other news, major shareholder Tian Qiao Chen bought 9,766,897 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $7.27 per share, for a total transaction of $71,005,341.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.70% of the company’s stock.

Community Health Systems Profile

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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