Cetera Investment Advisers Increases Stock Position in Community Health Systems, Inc. (NYSE:CYH)

Cetera Investment Advisers lifted its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 45.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,408 shares of the company’s stock after acquiring an additional 15,863 shares during the period. Cetera Investment Advisers’ holdings in Community Health Systems were worth $151,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CYH. Tower Research Capital LLC TRC grew its position in Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after buying an additional 6,445 shares during the last quarter. Two Sigma Securities LLC purchased a new position in Community Health Systems in the 4th quarter valued at $33,000. Cibc World Markets Corp purchased a new position in Community Health Systems in the 4th quarter valued at $35,000. Virtu Financial LLC purchased a new position in Community Health Systems in the 4th quarter valued at $38,000. Finally, Canada Pension Plan Investment Board purchased a new position in Community Health Systems in the 4th quarter valued at $54,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Stock Down 1.0%

Shares of CYH stock opened at $3.84 on Tuesday. The stock has a 50-day simple moving average of $3.07 and a 200 day simple moving average of $3.17. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The stock has a market capitalization of $538.78 million, a P/E ratio of -0.98 and a beta of 1.99.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.07. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business earned ($0.14) EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group set a $3.50 target price on shares of Community Health Systems in a research report on Friday, April 25th. Wall Street Zen upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Guggenheim assumed coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They set a “neutral” rating on the stock. Barclays cut their price target on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $3.50 price target (up previously from $2.00) on shares of Community Health Systems in a research note on Thursday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.17.

Community Health Systems Company Profile

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.