30,700 Shares in Community Health Systems, Inc. (NYSE:CYH) Bought by Versor Investments LP

Versor Investments LP purchased a new position in shares of Community Health Systems, Inc. (NYSE:CYH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,700 shares of the company’s stock, valued at approximately $186,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Community Health Systems by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock valued at $28,436,000 after acquiring an additional 28,669 shares during the period. Whitebox Advisors LLC lifted its stake in shares of Community Health Systems by 43.3% in the 2nd quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock valued at $10,150,000 after purchasing an additional 913,542 shares during the period. Dimensional Fund Advisors LP grew its position in Community Health Systems by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company’s stock valued at $5,875,000 after buying an additional 43,145 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Community Health Systems by 6.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,616,212 shares of the company’s stock worth $9,810,000 after acquiring an additional 91,985 shares during the period. Finally, Apollo Management Holdings L.P. purchased a new position in shares of Community Health Systems in the 1st quarter valued at about $5,149,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

CYH has been the topic of a number of recent analyst reports. Oppenheimer increased their price target on Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 price target on shares of Community Health Systems in a report on Monday, August 12th. UBS Group increased their price objective on shares of Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a report on Wednesday, August 14th. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Barclays boosted their price objective on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.18.

Community Health Systems Stock Performance

NYSE:CYH opened at $3.84 on Friday. The stock has a 50 day moving average price of $5.20 and a 200 day moving average price of $4.48. The stock has a market cap of $533.57 million, a PE ratio of -1.27 and a beta of 1.60. Community Health Systems, Inc. has a one year low of $2.31 and a one year high of $6.29.

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

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.