Los Angeles Capital Management LLC decreased its position in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 78.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,850 shares of the company's stock after selling 262,339 shares during the quarter. Los Angeles Capital Management LLC owned 0.05% of Community Health Systems worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in CYH. Franklin Resources Inc. boosted its holdings in Community Health Systems by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 75,520 shares of the company's stock valued at $422,000 after acquiring an additional 2,989 shares during the period. Rhumbline Advisers boosted its holdings in Community Health Systems by 2.4% during the 4th quarter. Rhumbline Advisers now owns 201,436 shares of the company's stock valued at $602,000 after acquiring an additional 4,654 shares during the period. Aigen Investment Management LP purchased a new position in Community Health Systems during the 3rd quarter valued at $94,000. Apollon Wealth Management LLC purchased a new position in Community Health Systems during the 4th quarter valued at $60,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Community Health Systems by 93.1% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company's stock valued at $148,000 after acquiring an additional 23,902 shares during the period. Institutional investors own 84.99% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Wells Fargo & Company cut Community Health Systems from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $5.00 to $2.50 in a report on Monday, November 25th. Raymond James cut Community Health Systems from a "market perform" rating to an "underperform" rating in a report on Friday, November 22nd. UBS Group lowered their target price on Community Health Systems from $4.80 to $4.10 and set a "neutral" rating for the company in a report on Thursday, February 20th. StockNews.com upgraded Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Barclays lowered their target price on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Community Health Systems currently has an average rating of "Hold" and an average price target of $4.18.
View Our Latest Stock Analysis on CYH
Community Health Systems Stock Up 0.5 %
Shares of NYSE CYH traded up $0.02 during mid-day trading on Friday, reaching $2.96. 2,743,747 shares of the company were exchanged, compared to its average volume of 1,961,948. The stock has a market cap of $410.52 million, a price-to-earnings ratio of -0.76 and a beta of 1.81. Community Health Systems, Inc. has a 1 year low of $2.69 and a 1 year high of $6.29. The firm has a 50-day moving average of $3.24 and a 200 day moving average of $4.17.
Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.51). The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.14 billion. On average, equities analysts forecast that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.
About Community Health Systems
(
Free Report)
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.
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