Aigen Investment Management LP Takes $94,000 Position in Community Health Systems, Inc. (NYSE:CYH)

Aigen Investment Management LP bought a new stake in Community Health Systems, Inc. (NYSE:CYH) in the 3rd quarter, Holdings Channel.com reports. The fund bought 15,534 shares of the company’s stock, valued at approximately $94,000.

Several other institutional investors have also recently added to or reduced their stakes in CYH. Mirae Asset Global Investments Co. Ltd. acquired a new position in Community Health Systems in the first quarter valued at $241,000. BNP Paribas Financial Markets increased its stake in Community Health Systems by 87.0% in the first quarter. BNP Paribas Financial Markets now owns 61,468 shares of the company’s stock valued at $215,000 after purchasing an additional 28,594 shares during the last quarter. Vanguard Group Inc. increased its stake 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 purchasing an additional 28,669 shares during the last quarter. Quadrature Capital Ltd increased its stake in Community Health Systems by 236.2% in the first quarter. Quadrature Capital Ltd now owns 105,777 shares of the company’s stock valued at $370,000 after purchasing an additional 74,319 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Community Health Systems by 7.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 96,027 shares of the company’s stock valued at $337,000 after purchasing an additional 6,852 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on CYH. Barclays upped their price target 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. UBS Group upped their price target on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Wells Fargo & Company upped their price target on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Oppenheimer increased their target price on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.18.

Community Health Systems Stock Performance

Shares of CYH opened at $3.84 on Monday. The company has a market capitalization of $533.57 million, a P/E 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. The stock has a 50-day moving average price of $5.20 and a 200 day moving average price of $4.49.

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

About Community Health Systems

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.