Aberdeen Asset Management PLC UK grew its holdings in Community Health Systems, Inc. (NYSE:CYH) by 94.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 168,798 shares of the company’s stock after purchasing an additional 81,833 shares during the period. Aberdeen Asset Management PLC UK owned approximately 0.15% of Community Health Systems worth $1,681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Community Health Systems by 38,765.3% in the 1st quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock valued at $130,263,000 after purchasing an additional 14,647,864 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Community Health Systems by 15.2% in the 1st quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock valued at $88,288,000 after purchasing an additional 1,312,513 shares during the last quarter. Saba Capital Management L.P. increased its stake in shares of Community Health Systems by 8.8% in the 1st quarter. Saba Capital Management L.P. now owns 3,706,181 shares of the company’s stock valued at $32,874,000 after purchasing an additional 300,712 shares during the last quarter. State Street Corp increased its stake in shares of Community Health Systems by 0.8% in the 1st quarter. State Street Corp now owns 3,292,332 shares of the company’s stock valued at $29,203,000 after purchasing an additional 25,290 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Community Health Systems by 3.4% in the 2nd quarter. Royce & Associates LP now owns 2,255,795 shares of the company’s stock valued at $22,468,000 after purchasing an additional 74,300 shares during the last quarter. Institutional investors own 94.69% of the company’s stock.

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 stock was bought at an average cost of $7.27 per share, for a total transaction of $71,005,341.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.70% of the company’s stock.

Community Health Systems, Inc. (CYH) opened at 7.09 on Wednesday. The firm’s market capitalization is $793.62 million. Community Health Systems, Inc. has a one year low of $4.15 and a one year high of $11.74. The firm’s 50-day moving average price is $7.16 and its 200 day moving average price is $8.63.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.31). The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. On average, equities analysts anticipate that Community Health Systems, Inc. will post ($0.31) earnings per share for the current fiscal year.

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

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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