Chartwell Investment Partners LLC bought a new stake in shares of Community Health Systems, Inc. (NYSE:CYH) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 385,957 shares of the company’s stock, valued at approximately $3,844,000. Chartwell Investment Partners LLC owned 0.34% of Community Health Systems at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. purchased a new position in Community Health Systems during the second quarter valued at about $107,000. World Asset Management Inc increased its position in 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 increased its position in 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 position in Community Health Systems during the first quarter valued at about $126,000. Finally, Fox Run Management L.L.C. purchased a new position in Community Health Systems during the second quarter valued at about $126,000. 95.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Community Health Systems, Inc. (CYH) opened at 7.03 on Monday. The stock’s 50 day moving average price is $8.14 and its 200-day moving average price is $8.65. The firm’s market capitalization is $786.90 million. 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 issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The company’s revenue was down 9.7% compared to the same quarter last year. Equities research analysts anticipate that Community Health Systems, Inc. will post ($0.33) EPS for the current fiscal year.

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Several equities analysts recently issued reports on the company. Morgan Stanley assumed coverage on Community Health Systems in a research report on Tuesday, June 6th. They issued an “underweight” rating and a $9.50 target price on the stock. Piper Jaffray Companies reissued a “sell” rating and issued a $9.00 target price on shares of Community Health Systems in a research report on Wednesday, July 26th. Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Deutsche Bank AG cut their target price on 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, Vetr raised Community Health Systems from a “hold” rating to a “buy” rating and set a $8.62 target price on the stock in a research report on Monday, April 24th. 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. The company presently has a consensus rating of “Hold” and a consensus target price of $7.96.

In other news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of $7.27 per share, for a total transaction of $71,005,341.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.60% of the company’s stock.

About Community Health Systems

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.

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

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