MANA Advisors LLC acquired a new stake in shares of Community Health Systems (NYSE:CYH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 116,764 shares of the company’s stock, valued at approximately $497,000. MANA Advisors LLC owned 0.10% of Community Health Systems at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Bank of Australia boosted its position in Community Health Systems by 9.4% during the 3rd quarter. Commonwealth Bank of Australia now owns 146,600 shares of the company’s stock valued at $1,122,000 after acquiring an additional 12,600 shares in the last quarter. California State Teachers Retirement System boosted its position in Community Health Systems by 8.3% during the 3rd quarter. California State Teachers Retirement System now owns 182,566 shares of the company’s stock valued at $1,402,000 after acquiring an additional 14,007 shares in the last quarter. FrontFour Capital Group LLC purchased a new stake in shares of Community Health Systems during the 3rd quarter valued at $113,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Community Health Systems by 60.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 43,030 shares of the company’s stock valued at $330,000 after purchasing an additional 16,150 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Community Health Systems during the 3rd quarter valued at $154,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.
In other Community Health Systems news, major shareholder Tian Qiao Chen bought 478,700 shares of Community Health Systems stock in a transaction dated Monday, January 8th. The stock was acquired at an average cost of $3.98 per share, with a total value of $1,905,226.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.70% of the stock is currently owned by corporate insiders.
Shares of CYH stock traded down $0.12 on Monday, reaching $3.84. 2,632,214 shares of the stock were exchanged, compared to its average volume of 3,339,990. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of -20.06. The company has a market cap of $453.92, a P/E ratio of -3.18 and a beta of 1.59. Community Health Systems has a twelve month low of $3.77 and a twelve month high of $10.51.
Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.09. Community Health Systems had a negative net margin of 16.01% and a negative return on equity of 14.18%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Community Health Systems’s revenue for the quarter was down 31.6% on a year-over-year basis. equities analysts forecast that Community Health Systems will post -1.33 EPS for the current year.
A number of brokerages recently issued reports on CYH. Zacks Investment Research lowered Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday. Cantor Fitzgerald restated a “hold” rating and set a $6.00 target price on shares of Community Health Systems in a research report on Thursday, February 1st. Mizuho restated a “hold” rating and set a $4.50 target price on shares of Community Health Systems in a research report on Thursday, March 22nd. Jefferies Group set a $5.00 target price on Community Health Systems and gave the company a “hold” rating in a research report on Tuesday, March 6th. Finally, JPMorgan Chase cut Community Health Systems from a “neutral” rating to an “underweight” rating in a report on Thursday, December 14th. Nine investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.04.
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About Community Health Systems
Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.
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