Royce & Associates LP Reduces Holdings in Community Health Systems, Inc. (NYSE:CYH)

Royce & Associates LP decreased its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 0.8% during the third quarter, Holdings Channel.com reports. The fund owned 1,311,912 shares of the company’s stock after selling 10,470 shares during the period. Royce & Associates LP’s holdings in Community Health Systems were worth $7,963,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. SG Americas Securities LLC lifted its holdings in shares of Community Health Systems by 384.7% during the second quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock worth $715,000 after purchasing an additional 168,941 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Community Health Systems by 301.3% during the third quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company’s stock worth $2,029,000 after purchasing an additional 250,909 shares during the period. Vanguard Group Inc. lifted its holdings in Community Health Systems by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock valued at $28,436,000 after acquiring an additional 28,669 shares during the period. Hood River Capital Management LLC acquired a new position in Community Health Systems in the second quarter valued at approximately $789,000. Finally, Acadian Asset Management LLC acquired a new position in Community Health Systems in the second quarter valued at approximately $871,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CYH. Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 price target on shares of Community Health Systems in a report on Monday, August 12th. UBS Group boosted their price target on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a report on Wednesday, August 14th. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Friday. Oppenheimer lifted their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Barclays lifted their target price on shares of Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.18.

Community Health Systems Price Performance

Shares of NYSE:CYH opened at $3.84 on Monday. The business’s 50 day moving average price is $5.20 and its 200-day moving average price is $4.49. The firm has a market capitalization of $533.57 million, a PE ratio of -1.27 and a beta of 1.60. Community Health Systems, Inc. has a 1 year low of $2.31 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the firm posted ($0.33) EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. As a group, analysts expect that Community Health Systems, Inc. will post -0.52 earnings per share for the current year.

About Community Health Systems

Community Health Systems, Inc 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.