37,974 Shares in Community Health Systems (CYH) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in Community Health Systems (NYSE:CYH) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 37,974 shares of the company’s stock, valued at approximately $162,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Community Health Systems by 226.4% in the third quarter. JPMorgan Chase & Co. now owns 4,228,000 shares of the company’s stock worth $31,880,000 after purchasing an additional 2,932,700 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Community Health Systems by 31.3% in the third quarter. Dimensional Fund Advisors LP now owns 6,508,663 shares of the company’s stock worth $49,986,000 after purchasing an additional 1,551,499 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in Community Health Systems in the third quarter worth about $2,327,000. Nationwide Fund Advisors boosted its position in Community Health Systems by 70.3% in the third quarter. Nationwide Fund Advisors now owns 548,805 shares of the company’s stock worth $4,215,000 after purchasing an additional 226,528 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Community Health Systems by 10.0% in the third quarter. Royce & Associates LP now owns 2,482,295 shares of the company’s stock worth $19,064,000 after purchasing an additional 226,500 shares during the last quarter. Institutional investors own 94.72% of the company’s stock.

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In related news, major shareholder Tian Qiao Chen acquired 995,551 shares of the stock in a transaction dated Wednesday, January 10th. The shares were purchased at an average cost of $3.97 per share, with a total value of $3,952,337.47. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.70% of the stock is owned by insiders.

CYH stock opened at $3.96 on Friday. Community Health Systems has a twelve month low of $3.85 and a twelve month high of $10.51. The company has a debt-to-equity ratio of -20.06, a quick ratio of 1.54 and a current ratio of 1.73. The stock has a market cap of $453.92, a PE ratio of -3.30 and a beta of 1.52.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.25) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.09. Community Health Systems had a negative return on equity of 14.18% and a negative net margin of 16.01%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the firm earned $0.46 EPS. The business’s quarterly revenue was down 31.6% on a year-over-year basis. equities analysts forecast that Community Health Systems will post -1.33 earnings per share for the current fiscal year.

Several research analysts have issued reports on the company. Cantor Fitzgerald reissued a “hold” rating and issued a $6.00 target price on shares of Community Health Systems in a research report on Thursday, February 1st. Mizuho reissued a “hold” rating and issued a $4.50 target price on shares of Community Health Systems in a research report on Thursday, March 22nd. JPMorgan Chase & Co. cut Community Health Systems from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 14th. Jefferies Group set a $5.00 target price on Community Health Systems and gave the stock a “hold” rating in a research report on Tuesday, March 6th. Finally, ValuEngine cut Community Health Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 3rd. Eight equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $6.04.

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About Community Health Systems

Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.

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

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