Community Health Systems, Inc. (CYH) Stake Held by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado held its position in Community Health Systems, Inc. (NYSE:CYH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,361 shares of the company’s stock at the end of the first quarter. Public Employees Retirement Association of Colorado’s holdings in Community Health Systems were worth $181,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Community Health Systems during the fourth quarter valued at $606,000. Comerica Bank raised its position in Community Health Systems by 52.0% in the fourth quarter. Comerica Bank now owns 120,924 shares of the company’s stock valued at $838,000 after buying an additional 41,373 shares during the last quarter. Oxford Asset Management bought a new position in Community Health Systems during the fourth quarter valued at $2,240,000. Systematic Financial Management LP raised its position in Community Health Systems by 93.7% in the fourth quarter. Systematic Financial Management LP now owns 308,965 shares of the company’s stock valued at $1,727,000 after buying an additional 149,470 shares during the last quarter. Finally, Royce & Associates LP bought a new position in Community Health Systems during the fourth quarter valued at $10,552,000. 95.76% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Community Health Systems (NYSE:CYH)

Community Health Systems, Inc. (NYSE CYH) opened at 9.13 on Tuesday. The company’s 50 day moving average price is $9.32 and its 200-day moving average price is $7.99. The company’s market capitalization is $1.02 billion. Community Health Systems, Inc. has a 12-month low of $4.15 and a 12-month high of $13.90.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Monday, May 1st. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Community Health Systems had a positive return on equity of 1.79% and a negative net margin of 10.77%. The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the business earned $0.27 EPS. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. Equities analysts forecast that Community Health Systems, Inc. will post $0.38 earnings per share for the current fiscal year.

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Several equities analysts have weighed in on CYH shares. Mizuho raised Community Health Systems from an “underperform” rating to a “neutral” rating and increased their target price for the company from $3.00 to $7.50 in a research note on Tuesday, February 21st. Jefferies Group LLC reissued a “hold” rating and issued a $8.00 target price on shares of Community Health Systems in a research note on Tuesday, February 21st. Cantor Fitzgerald increased their target price on Community Health Systems from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Wednesday, February 22nd. Robert W. Baird raised Community Health Systems from an “underperform” rating to a “neutral” rating and increased their target price for the company from $5.00 to $9.00 in a research note on Wednesday, February 22nd. Finally, Piper Jaffray Companies lowered Community Health Systems from a “neutral” rating to an “underweight” rating and cut their target price for the company from $10.00 to $7.00 in a research note on Wednesday, March 1st. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $8.46.

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.

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