Community Health Systems, Inc. (CYH) Shares Bought by Nationwide Fund Advisors

Nationwide Fund Advisors grew its position in Community Health Systems, Inc. (NYSE:CYH) by 35.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 322,277 shares of the company’s stock after buying an additional 84,276 shares during the period. Nationwide Fund Advisors owned approximately 0.29% of Community Health Systems worth $3,210,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in shares of Community Health Systems by 9.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 716,703 shares of the company’s stock valued at $7,141,000 after buying an additional 60,394 shares during the period. Aberdeen Asset Management PLC UK grew its holdings in shares of Community Health Systems by 94.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 168,798 shares of the company’s stock valued at $1,681,000 after buying an additional 81,833 shares during the period. Franklin Resources Inc. acquired a new position in shares of Community Health Systems in the 2nd quarter valued at $14,946,000. Schroder Investment Management Group acquired a new position in shares of Community Health Systems in the 2nd quarter valued at $564,000. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Community Health Systems by 0.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 360,632 shares of the company’s stock valued at $3,592,000 after buying an additional 1,930 shares during the period. 94.69% of the stock is owned by institutional investors.

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Community Health Systems, Inc. (CYH) opened at 6.36 on Wednesday. The company has a 50-day moving average of $7.38 and a 200-day moving average of $8.43. Community Health Systems, Inc. has a 52 week low of $4.15 and a 52 week high of $10.74. The firm’s market capitalization is $711.91 million.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.31). The company had revenue of $4.14 billion during 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 company’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. On average, equities analysts forecast that Community Health Systems, Inc. will post ($0.35) earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on CYH shares. Zacks Investment Research raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Jefferies Group LLC reissued a “hold” rating and issued a $7.00 price target on shares of Community Health Systems in a report on Sunday, July 30th. Mizuho reissued a “neutral” rating and issued a $7.00 price target (down previously from $7.50) on shares of Community Health Systems in a report on Wednesday, August 2nd. ValuEngine lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, BidaskClub raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Community Health Systems has a consensus rating of “Hold” and an average target price of $7.56.

In other Community Health Systems news, major shareholder Tian Qiao Chen acquired 9,766,897 shares of Community Health Systems stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of $7.27 per share, for a total transaction of $71,005,341.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is owned by company 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.

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

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