Community Health Systems, Inc. (NYSE:CYH) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,200,657 shares of the company's stock after purchasing an additional 1,229,039 shares during the period. Vanguard Group Inc. owned approximately 8.06% of Community Health Systems worth $33,490,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cibc World Markets Corp acquired a new position in shares of Community Health Systems during the 4th quarter worth $35,000. Virtu Financial LLC purchased a new position in shares of Community Health Systems during the 4th quarter worth approximately $38,000. Apollon Wealth Management LLC acquired a new position in shares of Community Health Systems in the fourth quarter worth $60,000. KLP Kapitalforvaltning AS acquired a new position in Community Health Systems in the 4th quarter valued at about $62,000. Finally, AXQ Capital LP purchased a new stake in shares of Community Health Systems during the fourth quarter worth about $63,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Community Health Systems Trading Down 3.3 %

CYH stock traded down $0.09 during mid-day trading on Tuesday, hitting $2.50. 1,743,985 shares of the company were exchanged, compared to its average volume of 2,093,785. The company has a market capitalization of $350.06 million, a PE ratio of -0.64 and a beta of 1.72. Community Health Systems, Inc. has a twelve month low of $2.24 and a twelve month high of $6.29. The firm has a fifty day simple moving average of $2.93 and a 200 day simple moving average of $3.57.

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Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate 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. As a group, 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

A number of brokerages have recently commented on CYH. Barclays lowered their price objective on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company lowered their price objective on shares of Community Health Systems from $2.50 to $2.00 and set an "underweight" rating for the company in a research note on Monday, March 10th. UBS Group dropped their price target on Community Health Systems from $4.80 to $4.10 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Guggenheim initiated coverage on shares of Community Health Systems in a research note on Wednesday, April 9th. They set a "neutral" rating for the company. Finally, StockNews.com upgraded Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $4.02.

About Community Health Systems

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.