M Holdings Securities Inc. Acquires Shares of 20,648 Community Health Systems, Inc. (NYSE:CYH)

M Holdings Securities Inc. acquired a new stake in shares of Community Health Systems, Inc. (NYSE:CYHGet Rating) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 20,648 shares of the company’s stock, valued at approximately $245,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Community Health Systems by 0.5% during the 1st quarter. BlackRock Inc. now owns 19,414,591 shares of the company’s stock valued at $230,450,000 after buying an additional 93,270 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Community Health Systems by 1.9% in the first quarter. Vanguard Group Inc. now owns 10,407,148 shares of the company’s stock valued at $123,532,000 after purchasing an additional 198,080 shares in the last quarter. Eversept Partners LP grew its holdings in shares of Community Health Systems by 11.3% in the first quarter. Eversept Partners LP now owns 7,126,711 shares of the company’s stock valued at $84,594,000 after purchasing an additional 724,401 shares in the last quarter. State Street Corp grew its holdings in shares of Community Health Systems by 4.2% in the first quarter. State Street Corp now owns 4,163,004 shares of the company’s stock valued at $49,415,000 after purchasing an additional 167,247 shares in the last quarter. Finally, DG Capital Management LLC grew its holdings in shares of Community Health Systems by 47.8% in the first quarter. DG Capital Management LLC now owns 3,252,869 shares of the company’s stock valued at $38,612,000 after purchasing an additional 1,052,327 shares in the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Community Health Systems

In other news, Chairman Wayne T. Smith acquired 200,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average cost of $3.00 per share, for a total transaction of $600,000.00. Following the completion of the acquisition, the chairman now directly owns 3,259,196 shares of the company’s stock, valued at approximately $9,777,588. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.40% of the stock is currently owned by corporate insiders.

Community Health Systems Price Performance

CYH stock opened at $2.91 on Monday. The business has a 50-day moving average price of $3.40 and a 200 day moving average price of $6.30. The company has a market capitalization of $392.01 million, a P/E ratio of -8.56 and a beta of 1.77. Community Health Systems, Inc. has a 1-year low of $2.56 and a 1-year high of $15.29.

Community Health Systems (NYSE:CYHGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($2.52) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($2.51). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.14 billion. Community Health Systems had a negative net margin of 0.31% and a negative return on equity of 20.58%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, analysts anticipate that Community Health Systems, Inc. will post -1.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TheStreet downgraded Community Health Systems from a “c-” rating to a “d” rating in a research report on Thursday, July 28th. Citigroup lowered their price target on Community Health Systems from $14.00 to $6.00 in a research report on Thursday, August 4th. StockNews.com downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Loop Capital began coverage on Community Health Systems in a research report on Thursday, June 16th. They set a “hold” rating and a $5.00 target price for the company. Finally, Credit Suisse Group decreased their target price on Community Health Systems to $5.00 in a research report on Tuesday, September 6th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.29.

Community Health Systems Company Profile

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Community Health Systems, Inc 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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