IndexIQ Advisors LLC lifted its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 83.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,715 shares of the company’s stock after purchasing an additional 44,333 shares during the quarter. IndexIQ Advisors LLC owned 0.09% of Community Health Systems worth $750,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CYH. Alps Advisors Inc. acquired a new stake in shares of Community Health Systems during the 2nd quarter worth approximately $107,000. Shelton Capital Management acquired a new stake in shares of Community Health Systems during the 2nd quarter worth approximately $110,000. ARP Americas LLC acquired a new stake in shares of Community Health Systems during the 3rd quarter worth approximately $121,000. Fox Run Management L.L.C. acquired a new stake in shares of Community Health Systems during the 2nd quarter worth approximately $126,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Community Health Systems by 134.4% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 14,300 shares of the company’s stock worth $127,000 after acquiring an additional 8,200 shares in the last quarter. 99.49% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on CYH. Cantor Fitzgerald reiterated a “hold” rating and set a $6.00 price target on shares of Community Health Systems in a research report on Sunday, November 5th. Royal Bank Of Canada reiterated a “hold” rating and set a $5.00 price target on shares of Community Health Systems in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday. Deutsche Bank AG reduced their price target on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. Finally, Citigroup Inc. reduced their price target on shares of Community Health Systems from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.47.

Community Health Systems, Inc. (NYSE CYH) opened at $4.27 on Tuesday. Community Health Systems, Inc. has a 52 week low of $4.25 and a 52 week high of $10.51. The company has a debt-to-equity ratio of 10.62, a quick ratio of 1.86 and a current ratio of 2.05.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.47). The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.70 billion. Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. Community Health Systems’s revenue was down 16.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.35) EPS. research analysts expect that Community Health Systems, Inc. will post -1.25 earnings per share for the current fiscal year.

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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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