Fox Run Management L.L.C. lifted its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 499.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,100 shares of the company’s stock after acquiring an additional 63,400 shares during the quarter. Fox Run Management L.L.C. owned approximately 0.07% of Community Health Systems worth $584,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CYH. Alps Advisors Inc. purchased a new position in Community Health Systems during the second quarter worth approximately $107,000. Shelton Capital Management purchased a new position in Community Health Systems in the second quarter valued at about $110,000. Nomura Asset Management Co. Ltd. lifted its holdings in Community Health Systems by 134.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 14,300 shares of the company’s stock worth $127,000 after acquiring an additional 8,200 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Community Health Systems by 168.4% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 16,417 shares of the company’s stock worth $146,000 after purchasing an additional 10,300 shares in the last quarter. Finally, Group One Trading L.P. grew its position in Community Health Systems by 27.5% in the second quarter. Group One Trading L.P. now owns 14,765 shares of the company’s stock worth $147,000 after buying an additional 3,189 shares during the last quarter. 99.49% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on CYH shares. ValuEngine upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $7.00 price target on shares of Community Health Systems in a research report on Friday, August 4th. Cantor Fitzgerald reissued a “hold” rating and issued a $6.00 price target on shares of Community Health Systems in a report on Sunday, November 5th. Finally, UBS AG reiterated a “neutral” rating and set a $8.00 price target (down from $10.00) on shares of Community Health Systems in a research report on Wednesday, August 23rd. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.47.
COPYRIGHT VIOLATION WARNING: “Community Health Systems, Inc. (CYH) Shares Bought by Fox Run Management L.L.C.” was originally posted by Week Herald and is the property of of Week Herald. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://weekherald.com/2017/11/14/community-health-systems-inc-cyh-stake-lifted-by-fox-run-management-l-l-c.html.
Community Health Systems, Inc. (NYSE CYH) traded down $0.11 during midday trading on Tuesday, hitting $4.27. 2,368,700 shares of the stock were exchanged, compared to its average volume of 3,664,531. The company has a quick ratio of 1.86, a current ratio of 2.05 and a debt-to-equity ratio of 10.62. Community Health Systems, Inc. has a one year low of $4.25 and a one year high of $10.51.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.47). Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the company posted ($0.35) EPS. Community Health Systems’s quarterly revenue was down 16.3% compared to the same quarter last year. equities research analysts expect that Community Health Systems, Inc. will post -1.25 earnings per share for the current year.
Community Health Systems Company Profile
Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.
Receive News & Ratings for Community Health Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.