California State Teachers Retirement System increased its holdings in Community Health Systems (NYSE:CYH) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,566 shares of the company’s stock after purchasing an additional 14,007 shares during the quarter. California State Teachers Retirement System owned 0.16% of Community Health Systems worth $1,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. HighTower Advisors LLC raised its holdings in shares of Community Health Systems by 0.3% in the 2nd quarter. HighTower Advisors LLC now owns 17,203 shares of the company’s stock worth $170,000 after purchasing an additional 51 shares in the last quarter. Group One Trading L.P. raised its holdings in shares of Community Health Systems by 27.5% in the 2nd quarter. Group One Trading L.P. now owns 14,765 shares of the company’s stock worth $147,000 after purchasing an additional 3,189 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Community Health Systems by 10.3% in the 2nd quarter. Voya Investment Management LLC now owns 49,870 shares of the company’s stock worth $497,000 after purchasing an additional 4,640 shares in the last quarter. Shelton Capital Management bought a new stake in shares of Community Health Systems in the 2nd quarter worth approximately $110,000. Finally, Sterling Capital Management LLC raised its holdings in shares of Community Health Systems by 44.9% in the 2nd quarter. Sterling Capital Management LLC now owns 39,069 shares of the company’s stock worth $389,000 after purchasing an additional 12,097 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

In related news, major shareholder Tian Qiao Chen acquired 406,069 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were purchased at an average cost of $4.00 per share, with a total value of $1,624,276.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 1,980,484 shares of company stock worth $7,878,489 over the last ninety days. 4.70% of the stock is currently owned by insiders.

CYH has been the topic of a number of research reports. Robert W. Baird reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a report on Wednesday, October 4th. Mizuho reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a report on Thursday, October 12th. Jefferies Group reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Community Health Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, ValuEngine upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Community Health Systems has a consensus rating of “Hold” and a consensus target price of $6.21.

Shares of Community Health Systems (CYH) opened at $5.90 on Tuesday. Community Health Systems has a 1-year low of $3.85 and a 1-year high of $10.51. The company has a current ratio of 2.05, a quick ratio of 1.86 and a debt-to-equity ratio of 10.62. The stock has a market cap of $676.89, a P/E ratio of -1.01 and a beta of 1.42.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the firm earned ($0.35) EPS. The firm’s revenue was down 16.3% compared to the same quarter last year. analysts forecast that Community Health Systems will post -1.25 EPS for the current fiscal year.

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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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