Vident Investment Advisory LLC Purchases New Holdings in Community Health Systems, Inc. (CYH)
Vident Investment Advisory LLC acquired a new stake in Community Health Systems, Inc. (NYSE:CYH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 302,976 shares of the company’s stock, valued at approximately $2,327,000. Vident Investment Advisory LLC owned approximately 0.26% of Community Health Systems as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Alps Advisors Inc. acquired a new stake in Community Health Systems in the second quarter valued at approximately $107,000. Shelton Capital Management acquired a new stake in Community Health Systems in the second quarter valued at approximately $110,000. Group One Trading L.P. grew its position in Community Health Systems by 27.5% in the second quarter. Group One Trading L.P. now owns 14,765 shares of the company’s stock valued at $147,000 after acquiring an additional 3,189 shares in the last quarter. ARP Americas LLC acquired a new stake in Community Health Systems in the third quarter valued at approximately $121,000. Finally, Bank of Montreal Can grew its position in Community Health Systems by 158.7% in the second quarter. Bank of Montreal Can now owns 15,702 shares of the company’s stock valued at $156,000 after acquiring an additional 9,632 shares in the last quarter. 94.74% of the stock is owned by institutional investors.
Several analysts have issued reports on CYH shares. ValuEngine downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Community Health Systems in a research report on Sunday, November 5th. Zacks Investment Research downgraded shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. Robert W. Baird reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Community Health Systems in a research report on Friday, September 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Community Health Systems in a research report on Thursday, September 7th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $6.47.
Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.47). The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.70 billion. Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The business’s revenue for the quarter was down 16.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.35) EPS. equities research analysts expect that Community Health Systems, Inc. will post -1.25 EPS for the current fiscal year.
In other Community Health Systems news, major shareholder Tian Qiao Chen acquired 100,164 shares of the firm’s stock in a transaction 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.70% of the company’s stock.
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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.
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