State of New Jersey Common Pension Fund D held its position in shares of Community Health Systems, Inc. (NYSE:CYH) during the second quarter, Holdings Channel reports. The institutional investor owned 268,743 shares of the company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Community Health Systems were worth $2,677,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Community Health Systems by 1.1% in the second quarter. Nisa Investment Advisors LLC now owns 22,750 shares of the company’s stock worth $227,000 after buying an additional 250 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Community Health Systems by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 12,570 shares of the company’s stock worth $111,000 after buying an additional 270 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Community Health Systems by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 46,700 shares of the company’s stock worth $465,000 after buying an additional 300 shares in the last quarter. World Asset Management Inc increased its position in shares of Community Health Systems by 3.2% in the first quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock worth $110,000 after buying an additional 387 shares in the last quarter. Finally, Horrell Capital Management Inc. increased its position in shares of Community Health Systems by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the company’s stock worth $278,000 after buying an additional 681 shares in the last quarter. Institutional investors own 95.64% of the company’s stock.
Shares of Community Health Systems, Inc. (NYSE:CYH) opened at 6.94 on Thursday. The company’s market cap is $776.83 million. The firm’s 50-day moving average price is $8.32 and its 200-day moving average price is $8.66. Community Health Systems, Inc. has a 12 month low of $4.15 and a 12 month high of $13.28.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.31. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.14 billion. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. Equities analysts predict that Community Health Systems, Inc. will post ($0.33) EPS for the current fiscal year.
A number of brokerages have recently weighed in on CYH. Cantor Fitzgerald reiterated a “neutral” rating and issued a $7.00 target price (down previously from $8.00) on shares of Community Health Systems in a report on Wednesday. Mizuho reiterated a “neutral” rating and issued a $7.00 target price (down previously from $7.50) on shares of Community Health Systems in a report on Wednesday, August 2nd. Piper Jaffray Companies reiterated a “sell” rating and issued a $9.00 target price on shares of Community Health Systems in a report on Wednesday, July 26th. Zacks Investment Research raised Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Finally, BidaskClub raised Community Health Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $7.96.
In related news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $7.27 per share, with a total value of $71,005,341.19. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.60% of the stock is owned by insiders.
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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