UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Community Health Systems, Inc. (NYSE:CYH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Community Health Systems, Inc. (NYSE:CYH) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 308,176 shares of the company’s stock after buying an additional 18,612 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of Community Health Systems worth $921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in Community Health Systems by 250.0% in the fourth 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 in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Community Health Systems during the fourth quarter worth about $33,000. Cibc World Markets Corp purchased a new stake in shares of Community Health Systems during the fourth quarter worth about $35,000. Virtu Financial LLC purchased a new stake in shares of Community Health Systems during the fourth quarter worth about $38,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Community Health Systems during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Price Performance

NYSE:CYH opened at $3.25 on Wednesday. The firm has a market capitalization of $455.29 million, a price-to-earnings ratio of -0.83 and a beta of 2.12. The company’s 50-day moving average is $3.19 and its two-hundred day moving average is $3.17. Community Health Systems, Inc. has a 1-year low of $2.24 and a 1-year high of $6.29.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.07. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts anticipate that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on CYH shares. Barclays cut their target price on shares of 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. UBS Group set a $3.50 price target on shares of Community Health Systems in a research report on Friday, April 25th. Wells Fargo & Company restated an “underweight” rating and set a $3.50 price target (up from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. Guggenheim started coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They set a “neutral” rating on the stock. Finally, 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.