Community Health Systems, Inc. (NYSE:CYH) Stock Holdings Trimmed by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,909,645 shares of the company’s stock after selling 21,462 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Community Health Systems worth $28,738,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CYH. Jump Financial LLC bought a new stake in Community Health Systems during the 3rd quarter valued at $30,000. Compass Wealth Management LLC acquired a new position in shares of Community Health Systems during the 4th quarter valued at $33,000. Metropolitan Life Insurance Co NY increased its position in shares of Community Health Systems by 83.3% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 7,840 shares of the company’s stock valued at $34,000 after purchasing an additional 3,562 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Community Health Systems during the 3rd quarter valued at $38,000. Finally, Pathstone Family Office LLC acquired a new position in shares of Community Health Systems during the 3rd quarter valued at $42,000. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays assumed coverage on Community Health Systems in a research report on Wednesday, March 6th. They set an “equal weight” rating and a $3.00 price target on the stock. StockNews.com upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Oppenheimer lowered their price target on Community Health Systems from $6.50 to $5.50 and set an “outperform” rating on the stock in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.20.

Community Health Systems Trading Up 0.7 %

Shares of CYH stock opened at $3.02 on Friday. Community Health Systems, Inc. has a 1-year low of $2.01 and a 1-year high of $6.53. The company has a market capitalization of $419.73 million, a price-to-earnings ratio of -2.93 and a beta of 1.52. The stock’s fifty day simple moving average is $3.25 and its 200-day simple moving average is $3.05.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). Community Health Systems had a negative net margin of 1.07% and a negative return on equity of 5.51%. The business 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 firm posted $1.50 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Community Health Systems, Inc. will post -0.45 EPS 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.