Advisory Services Network LLC Has $150,000 Position in Community Health Systems, Inc. (NYSE:CYH)

Advisory Services Network LLC lessened its stake in Community Health Systems, Inc. (NYSE:CYH) by 41.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,790 shares of the company’s stock after selling 9,200 shares during the quarter. Advisory Services Network LLC’s holdings in Community Health Systems were worth $150,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. boosted its holdings in shares of Community Health Systems by 45.2% in the second quarter. Advisor Group Holdings Inc. now owns 8,776 shares of the company’s stock valued at $137,000 after buying an additional 2,732 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Community Health Systems in the second quarter valued at approximately $141,000. Capula Management Ltd acquired a new position in shares of Community Health Systems in the second quarter valued at approximately $167,000. Cambria Investment Management L.P. acquired a new position in shares of Community Health Systems in the second quarter valued at approximately $175,000. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Community Health Systems by 49.2% in the third quarter. Wedge Capital Management L L P NC now owns 15,169 shares of the company’s stock valued at $177,000 after buying an additional 5,001 shares during the period. Institutional investors own 79.62% of the company’s stock.

Several research analysts have recently weighed in on CYH shares. Truist Securities reduced their price target on shares of Community Health Systems from $14.00 to $12.00 and set a “hold” rating for the company in a report on Wednesday, October 13th. Bank of America raised shares of Community Health Systems from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $16.00 in a research report on Monday, December 13th. UBS Group initiated coverage on shares of Community Health Systems in a research report on Thursday, September 23rd. They issued a “neutral” rating and a $12.50 price objective on the stock. Zacks Investment Research raised shares of Community Health Systems from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research report on Friday, October 29th. Finally, Truist cut their price objective on shares of Community Health Systems from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, October 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Community Health Systems has a consensus rating of “Hold” and an average price target of $14.60.

NYSE CYH opened at $13.12 on Friday. The firm’s fifty day moving average price is $13.23 and its two-hundred day moving average price is $12.91. Community Health Systems, Inc. has a 1 year low of $7.89 and a 1 year high of $17.04. The firm has a market capitalization of $1.73 billion, a P/E ratio of 4.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.74.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Tuesday, October 26th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.56. Community Health Systems had a net margin of 2.97% and a negative return on equity of 18.40%. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. As a group, sell-side analysts expect that Community Health Systems, Inc. will post 1.52 EPS for the current fiscal year.

About Community Health Systems

Community Health Systems, Inc engages in the management and operations of hospitals. It operates general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. The company was founded in March 1985 and is headquartered in Franklin, TN.

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

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