Community Health Systems (CYH) : Altrinsic Global Advisors scooped up 61,252 additional shares in Community Health Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,983,271 shares of Community Health Systems which is valued at $32,666,817.Community Health Systems makes up approximately 0.89% of Altrinsic Global Advisors’s portfolio.
Other Hedge Funds, Including , Everpoint Asset Management added CYH to its portfolio by purchasing 100,000 company shares during the most recent quarter which is valued at $1,095,000. Community Health Systems makes up approx 0.03% of Everpoint Asset Management’s portfolio. Hap Trading added CYH to its portfolio by purchasing 957,996 company shares during the most recent quarter which is valued at $11,994,110. Community Health Systems makes up approx 1.01% of Hap Trading’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in CYH in the latest quarter, The investment management firm added 16,835 additional shares and now holds a total of 72,476 shares of Community Health Systems which is valued at $897,978. Community Health Systems makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.
Community Health Systems opened for trading at $10.89 and hit $11.45 on the upside on Wednesday, eventually ending the session at $11.36, with a gain of 4.22% or 0.46 points. The heightened volatility saw the trading volume jump to 6,270,930 shares. Company has a market cap of $1,291 M.
On the company’s financial health, Community Health Systems reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.47 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.56. The company had revenue of $4590.00 million for the quarter, compared to analysts expectations of $4529.53 million. The company’s revenue was down -6.0 % compared to the same quarter last year.
Many Wall Street Analysts have commented on Community Health Systems. Mizuho Upgraded Community Health Systems on Aug 12, 2016 to ” Neutral”, Price Target of the shares are set at $10.50.Community Health Systems was Downgraded by Leerink Partners to ” Mkt Perform” on Aug 9, 2016. Credit Suisse Initiated Community Health Systems on Jul 29, 2016 to “Neutral”, Price Target of the shares are set at $14.
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.