Los Angeles Capital Management LLC Has $2.03 Million Position in Community Health Systems, Inc. (NYSE:CYH)

Los Angeles Capital Management LLC grew its position in Community Health Systems, Inc. (NYSE:CYH) by 301.3% during the third quarter, HoldingsChannel reports. The firm owned 334,189 shares of the company’s stock after buying an additional 250,909 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Community Health Systems were worth $2,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Mackenzie Financial Corp grew its holdings in Community Health Systems by 6.8% in the 2nd quarter. Mackenzie Financial Corp now owns 33,269 shares of the company’s stock valued at $112,000 after buying an additional 2,106 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Community Health Systems by 5.8% during the second quarter. The Manufacturers Life Insurance Company now owns 49,701 shares of the company’s stock worth $167,000 after acquiring an additional 2,739 shares during the period. CWM LLC raised its stake in Community Health Systems by 32.1% during the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after purchasing an additional 2,961 shares during the last quarter. Signaturefd LLC acquired a new stake in Community Health Systems in the 3rd quarter worth $33,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Community Health Systems by 7.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 96,027 shares of the company’s stock worth $337,000 after purchasing an additional 6,852 shares during the period. 84.99% of the stock is owned by institutional investors.

Community Health Systems Stock Performance

Shares of NYSE:CYH opened at $4.06 on Thursday. The company has a market capitalization of $564.14 million, a PE ratio of -1.34 and a beta of 1.60. The company’s fifty day moving average is $5.27 and its 200-day moving average is $4.47. Community Health Systems, Inc. has a 52 week low of $2.31 and a 52 week high of $6.29.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted ($0.33) earnings per share. On average, analysts forecast that Community Health Systems, Inc. will post -0.52 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CYH shares. UBS Group lifted their target price on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Wells Fargo & Company upped their target price on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Oppenheimer lifted their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price objective on shares of Community Health Systems in a report on Monday, August 12th. Finally, Barclays upped their target price on shares of Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.18.

Community Health Systems Profile

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.