Municipal Employees Retirement System of Michigan raised its holdings in Community Health Systems, Inc. (NYSE:CYH) by 60.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,030 shares of the company’s stock after acquiring an additional 16,150 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Community Health Systems were worth $330,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Community Health Systems by 4.3% in the second quarter. Vanguard Group Inc. now owns 10,377,548 shares of the company’s stock valued at $103,361,000 after acquiring an additional 424,006 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Community Health Systems by 131.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,957,164 shares of the company’s stock worth $49,374,000 after buying an additional 2,819,955 shares during the last quarter. Royce & Associates LP raised its stake in shares of Community Health Systems by 3.4% during the 2nd quarter. Royce & Associates LP now owns 2,255,795 shares of the company’s stock worth $22,468,000 after buying an additional 74,300 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Community Health Systems by 22.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,501,077 shares of the company’s stock worth $14,951,000 after buying an additional 274,497 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Community Health Systems during the 2nd quarter worth $14,946,000. 94.74% of the stock is owned by institutional investors.

Shares of Community Health Systems, Inc. (CYH) traded up $0.07 during mid-day trading on Monday, reaching $4.28. 1,816,400 shares of the company traded hands, compared to its average volume of 3,573,513. Community Health Systems, Inc. has a 12-month low of $3.85 and a 12-month high of $10.51. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86.

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

Several research analysts have recently issued reports on CYH shares. ValuEngine raised Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $6.00 price target on shares of Community Health Systems in a research note on Sunday, November 5th. UBS reaffirmed a “neutral” rating and set a $8.00 price target (down previously from $10.00) on shares of Community Health Systems in a research note on Wednesday, August 23rd. Finally, Citigroup cut their price target on Community Health Systems from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.47.

In other news, major shareholder Tian Qiao Chen bought 100,164 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average price of $3.96 per share, with a total value of $396,649.44. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.

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

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