Group One Trading L.P. grew its position in Community Health Systems, Inc. (NYSE:CYH) by 345.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,727 shares of the company’s stock after purchasing an additional 50,962 shares during the period. Group One Trading L.P. owned approximately 0.06% of Community Health Systems worth $505,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. bought a new stake in Community Health Systems during the second quarter worth about $107,000. Shelton Capital Management bought a new stake in Community Health Systems during the second quarter worth about $110,000. ARP Americas LLC bought a new stake in Community Health Systems during the third quarter worth about $121,000. Macquarie Group Ltd. bought a new stake in Community Health Systems during the third quarter worth about $154,000. Finally, Bank of Montreal Can raised its holdings in Community Health Systems by 158.7% during the second quarter. Bank of Montreal Can now owns 15,702 shares of the company’s stock worth $156,000 after acquiring an additional 9,632 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.
In other news, major shareholder Tian Qiao Chen bought 100,164 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were bought at an average price of $3.96 per share, with a total value of $396,649.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.70% of the stock is currently owned by corporate insiders.
Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing the 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 firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the company posted ($0.35) EPS. Community Health Systems’s revenue for the quarter was down 16.3% compared to the same quarter last year. analysts anticipate that Community Health Systems, Inc. will post -1.25 EPS for the current year.
Several research firms recently issued reports on CYH. Credit Suisse Group began coverage on Community Health Systems in a report on Thursday, November 2nd. They set an “underperform” rating and a $3.50 target price on the stock. UBS reiterated a “neutral” rating and set a $8.00 target price (down previously from $10.00) on shares of Community Health Systems in a report on Wednesday, August 23rd. ValuEngine upgraded Community Health Systems from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Jefferies Group reiterated a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a report on Tuesday, September 5th. Finally, Robert W. Baird reissued a “hold” rating and set a $7.00 price target on shares of Community Health Systems in a research report on Wednesday, October 4th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.47.
About Community Health Systems
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.
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