William Harris Investors Inc buys $11.7 Million stake in Community Health Systems (CYH)

Community Health Systems (CYH) : William Harris Investors Inc scooped up 175,839 additional shares in Community Health Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 937,991 shares of Community Health Systems which is valued at $11.7 Million.Community Health Systems makes up approximately 3.06% of William Harris Investors Inc’s portfolio.

Other Hedge Funds, Including , Shell Asset Management Co reduced its stake in CYH by selling 2,536 shares or 5.66% in the most recent quarter. The Hedge Fund company now holds 42,260 shares of CYH which is valued at $528,250. Community Health Systems makes up approx 0.01% of Shell Asset Management Co’s portfolio. Airain Ltd added CYH to its portfolio by purchasing 116,182 company shares during the most recent quarter which is valued at $1.5 Million. Community Health Systems makes up approx 0.10% of Airain Ltd’s portfolio.Bbva Compass Bancshares Inc reduced its stake in CYH by selling 16,123 shares or 46.64% in the most recent quarter. The Hedge Fund company now holds 18,447 shares of CYH which is valued at $274,122. Community Health Systems makes up approx 0.02% of Bbva Compass Bancshares Inc’s portfolio.Prescott Group Capital Management L.l.c. boosted its stake in CYH in the latest quarter, The investment management firm added 40,000 additional shares and now holds a total of 79,700 shares of Community Health Systems which is valued at $1.5 Million. Community Health Systems makes up approx 0.36% of Prescott Group Capital Management L.l.c.’s portfolio.

Community Health Systems opened for trading at $12.58 and hit $12.8867 on the upside on Monday, eventually ending the session at $12.75, with a gain of 2.00% or 0.25 points. The heightened volatility saw the trading volume jump to 36,75,754 shares. Company has a market cap of $1,450 M.

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 Upgraded by Leerink Partners to ” Outperform” on May 4, 2016. Community Health Systems was Downgraded by BofA/Merrill to ” Underperform” on May 3, 2016. Community Health Systems was Downgraded by Raymond James to ” Underperform” on Apr 25, 2016.

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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