Public Employees Retirement System of Ohio Cuts Stock Position in Community Health Systems, Inc. (NYSE:CYH)

Public Employees Retirement System of Ohio decreased its stake in Community Health Systems, Inc. (NYSE:CYHFree Report) by 56.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,341 shares of the company’s stock after selling 20,821 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Community Health Systems were worth $47,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CYH. Graham Capital Management L.P. raised its holdings in shares of Community Health Systems by 315.5% during the third quarter. Graham Capital Management L.P. now owns 113,454 shares of the company’s stock valued at $329,000 after acquiring an additional 86,148 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Community Health Systems by 5.1% during the 3rd quarter. Hsbc Holdings PLC now owns 86,774 shares of the company’s stock worth $252,000 after purchasing an additional 4,246 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Community Health Systems by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,881,996 shares of the company’s stock worth $14,158,000 after buying an additional 480,481 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Community Health Systems by 20.5% in the third quarter. Teacher Retirement System of Texas now owns 1,715,268 shares of the company’s stock worth $4,974,000 after buying an additional 292,351 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Community Health Systems by 26.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 1,456,121 shares of the company’s stock valued at $4,223,000 after acquiring an additional 300,115 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CYH. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Barclays began coverage on shares of Community Health Systems in a research note on Wednesday, March 6th. They set an “equal weight” rating and a $3.00 target price on the stock. Finally, Oppenheimer cut their price target on shares of Community Health Systems from $6.50 to $5.50 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.20.

Check Out Our Latest Analysis on CYH

Community Health Systems Stock Performance

Shares of CYH stock opened at $3.50 on Friday. Community Health Systems, Inc. has a one year low of $2.01 and a one year high of $6.53. The firm’s 50 day moving average price is $3.37 and its 200-day moving average price is $3.04. The firm has a market cap of $477.91 million, a P/E ratio of -3.39 and a beta of 1.49.

Community Health Systems (NYSE:CYHGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.44). Community Health Systems had a negative return on equity of 5.51% and a negative net margin of 1.07%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, research analysts predict that Community Health Systems, Inc. will post -0.45 EPS for the current fiscal year.

Community Health Systems Profile

(Free Report)

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.

Recommended Stories

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

Receive News & Ratings for Community Health Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems and related companies with MarketBeat.com's FREE daily email newsletter.