Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,054 shares of the company’s stock after acquiring an additional 1,115 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Community Health Systems were worth $240,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. raised its holdings in Community Health Systems by 38,765.3% during the first quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock valued at $130,263,000 after acquiring an additional 14,647,864 shares during the period. Vanguard Group Inc. raised its holdings in Community Health Systems by 15.2% during the first quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock valued at $88,288,000 after acquiring an additional 1,312,513 shares during the period. Saba Capital Management L.P. raised its holdings in Community Health Systems by 8.8% during the first quarter. Saba Capital Management L.P. now owns 3,706,181 shares of the company’s stock valued at $32,874,000 after acquiring an additional 300,712 shares during the period. State Street Corp raised its holdings in Community Health Systems by 0.8% during the first quarter. State Street Corp now owns 3,292,332 shares of the company’s stock valued at $29,203,000 after acquiring an additional 25,290 shares during the period. Finally, Royce & Associates LP raised its holdings in Community Health Systems by 3.4% during the second quarter. Royce & Associates LP now owns 2,255,795 shares of the company’s stock valued at $22,468,000 after acquiring an additional 74,300 shares during the period. 94.71% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems, Inc. (NYSE:CYH) opened at 7.13 on Monday. The company has a 50-day moving average price of $7.33 and a 200 day moving average price of $8.74. The stock’s market cap is $798.10 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 released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.31. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.14 billion. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. The firm’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 EPS. On average, analysts expect that Community Health Systems, Inc. will post ($0.31) earnings per share for the current year.

A number of research analysts have recently weighed in on the company. KeyCorp restated a “hold” rating on shares of Community Health Systems in a research report on Thursday. Jefferies Group LLC restated a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research report on Tuesday, September 5th. ValuEngine upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird restated a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research report on Friday, September 1st. Finally, UBS AG restated a “neutral” rating and set a $8.00 price objective (down previously from $10.00) on shares of Community Health Systems in a research report on Wednesday, August 23rd. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.84.

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 stock was acquired at an average price of $7.27 per share, with a total value of $71,005,341.19. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.70% of the company’s stock.

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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.

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

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