Louisiana State Employees Retirement System boosted its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 46,700 shares of the company’s stock after buying an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Community Health Systems were worth $465,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CYH. World Asset Management Inc boosted its stake in shares of Community Health Systems by 3.2% in the first 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 last quarter. State of Alaska Department of Revenue boosted its stake in shares of 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 valued at $111,000 after buying an additional 270 shares during the last quarter. Airain ltd purchased a new stake in shares of Community Health Systems during the first quarter valued at $126,000. Fox Run Management L.L.C. purchased a new stake in shares of Community Health Systems during the second quarter valued at $126,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Community Health Systems by 134.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 14,300 shares of the company’s stock valued at $127,000 after buying an additional 8,200 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Shares of Community Health Systems, Inc. (NYSE CYH) traded up 22.73% on Friday, reaching $7.45. 29,129,105 shares of the company were exchanged. The company’s market capitalization is $833.92 million. The company’s 50-day moving average is $8.52 and its 200-day moving average is $8.64. Community Health Systems, Inc. has a 52 week low of $4.15 and a 52 week high of $13.28.

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

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Several equities research analysts have weighed in on the stock. Piper Jaffray Companies reissued a “sell” rating and set a $9.00 price target on shares of Community Health Systems in a research report on Wednesday, July 26th. Morgan Stanley began coverage on shares of Community Health Systems in a research report on Tuesday, June 6th. They issued an “underweight” rating and a $9.50 target price for the company. Vetr cut shares of Community Health Systems from a “hold” rating to a “sell” rating and set a $8.62 target price for the company. in a research report on Monday, April 17th. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG dropped their target price on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. Community Health Systems currently has an average rating of “Hold” and an average price target of $8.02.

Community Health Systems Company 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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