Tipp Hill Capital Management adds Community Health Systems (CYH) to its portfolio

Community Health Systems (CYH) : Tipp Hill Capital Management added new position in Community Health Systems during the most recent quarter end. The investment management firm now holds 275,000 shares of Community Health Systems which is valued at $5,731,000 , the company said in a statement filed on Apr 19, 2016 with the SEC.Community Health Systems makes up approximately 5.64% of Tipp Hill Capital Management’s portfolio.

Community Health Systems opened for trading at $20.31 and hit $21.1 on the upside on Friday, eventually ending the session at $20.84, with a gain of 2.61% or 0.53 points. The heightened volatility saw the trading volume jump to 22,25,521 shares. Company has a market cap of $2,350 M.

Other Hedge Funds, Including , Atria Investments added CYH to its portfolio by purchasing 13,033 company shares during the most recent quarter which is valued at $271,608. Community Health Systems makes up approx 0.03% of Atria Investments’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in CYH in the latest quarter, The investment management firm added 4,529 additional shares and now holds a total of 55,641 shares of Community Health Systems which is valued at $1,081,661. Community Health Systems makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio. Santa Fe Partners sold out all of its stake in CYH during the most recent quarter. The investment firm sold 31,426 shares of CYH which is valued $610,921.Breton Hill Capital Ltd. boosted its stake in CYH in the latest quarter, The investment management firm added 14,208 additional shares and now holds a total of 48,525 shares of Community Health Systems which is valued at $943,326. Community Health Systems makes up approx 0.35% of Breton Hill Capital Ltd.’s portfolio.Weaver C. Barksdale Associates boosted its stake in CYH in the latest quarter, The investment management firm added 1,542 additional shares and now holds a total of 4,680 shares of Community Health Systems which is valued at $85,457. Community Health Systems makes up approx 0.06% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Community Health Systems reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on Nov 2, 2015. Analyst had a consensus of $0.97. The company had revenue of $4846.00 million for the quarter, compared to analysts expectations of $4981.49 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS.

Many Wall Street Analysts have commented on Community Health Systems. Community Health Systems was Downgraded by Raymond James to ” Underperform” on Apr 25, 2016. Shares were Reiterated by Mizuho on Apr 19, 2016 to “Underperform” and Lowered the Price Target to $ 10.50 from a previous price target of $14.40 .Shares were Reiterated by RBC Capital Mkts on Feb 17, 2016 to “Outperform” and Lowered the Price Target to $ 18 from a previous price target of $45 .

Community Health Systems Inc. is a hospital company and an operator of acute care hospitals in communities across the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. It operates in two operating segments: hospital operations and home care agencies operations. Its hospital operations include the Company’s acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. Its home care agencies operations provide in-home outpatient care. Services provided through its hospitals and affiliated businesses include general acute care emergency room general and specialty surgery critical care internal medicine obstetrics diagnostic psychiatric and rehabilitation services. It provides a range of hospital healthcare services and other outpatient services to patients in the communities in which the Company is located.

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