Community Health Systems, Inc. (CYH) Holdings Trimmed by Cyrus Capital Partners L.P.

Cyrus Capital Partners L.P. reduced its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,810,742 shares of the company’s stock after selling 189,258 shares during the period. Community Health Systems accounts for approximately 3.5% of Cyrus Capital Partners L.P.’s investment portfolio, making the stock its 7th biggest holding. Cyrus Capital Partners L.P. owned approximately 2.51% of Community Health Systems worth $27,995,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CYH. BlackRock Inc. boosted its position in shares of Community Health Systems by 38,765.3% during the 1st quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock worth $130,263,000 after purchasing an additional 14,647,864 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Community Health Systems by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 10,377,548 shares of the company’s stock worth $103,361,000 after purchasing an additional 424,006 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Community Health Systems by 131.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,957,164 shares of the company’s stock worth $49,374,000 after purchasing an additional 2,819,955 shares in the last quarter. Saba Capital Management L.P. boosted its position in shares of Community Health Systems by 8.8% during the 1st quarter. Saba Capital Management L.P. now owns 3,706,181 shares of the company’s stock worth $32,874,000 after purchasing an additional 300,712 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Community Health Systems by 0.8% during the 1st quarter. State Street Corp now owns 3,292,332 shares of the company’s stock worth $29,203,000 after purchasing an additional 25,290 shares in the last quarter. Hedge funds and other institutional investors own 94.69% of the company’s stock.

Shares of Community Health Systems, Inc. (NYSE:CYH) traded down 1.13% on Thursday, reaching $6.13. 2,520,231 shares of the company’s stock traded hands. Community Health Systems, Inc. has a 52-week low of $4.15 and a 52-week high of $10.70. The stock’s market cap is $686.16 million. The firm’s 50-day moving average is $7.35 and its 200-day moving average is $8.41.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.31). The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. Analysts anticipate that Community Health Systems, Inc. will post ($0.35) EPS for the current fiscal year.

In other news, major shareholder Tian Qiao Chen acquired 9,766,897 shares of Community Health Systems stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of $7.27 per share, with a total value of $71,005,341.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.70% of the company’s stock.

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Several equities analysts recently weighed in on CYH shares. Zacks Investment Research raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $7.00 price target on shares of Community Health Systems in a research report on Sunday, July 30th. Mizuho reaffirmed a “neutral” rating and issued a $7.00 price target (down previously from $7.50) on shares of Community Health Systems in a research report on Wednesday, August 2nd. ValuEngine cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, BidaskClub raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.56.

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.

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

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