Bison Wealth LLC Purchases New Position in Community Health Systems, Inc. (NYSE:CYH)

Bison Wealth LLC bought a new position in shares of Community Health Systems, Inc. (NYSE:CYH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,060 shares of the company’s stock, valued at approximately $63,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Graham Capital Management L.P. grew its stake in shares of Community Health Systems by 315.5% in the 3rd quarter. Graham Capital Management L.P. now owns 113,454 shares of the company’s stock worth $329,000 after buying an additional 86,148 shares during the last quarter. Hsbc Holdings PLC lifted its position in Community Health Systems by 5.1% in the 3rd quarter. Hsbc Holdings PLC now owns 86,774 shares of the company’s stock valued at $252,000 after acquiring an additional 4,246 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Community Health Systems by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,881,996 shares of the company’s stock valued at $14,158,000 after buying an additional 480,481 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Community Health Systems by 20.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 1,715,268 shares of the company’s stock valued at $4,974,000 after buying an additional 292,351 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Community Health Systems by 26.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 1,456,121 shares of the company’s stock valued at $4,223,000 after buying an additional 300,115 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Performance

Shares of CYH stock opened at $2.91 on Thursday. Community Health Systems, Inc. has a 52-week low of $2.01 and a 52-week high of $6.53. The firm has a market capitalization of $403.74 million, a PE ratio of -2.82 and a beta of 1.52. The stock has a fifty day simple moving average of $3.19 and a two-hundred day simple moving average of $3.05.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Community Health Systems had a negative net margin of 1.07% and a negative return on equity of 5.51%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. On average, sell-side analysts forecast that Community Health Systems, Inc. will post -0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CYH has been the topic of several research analyst reports. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Barclays assumed coverage on Community Health Systems in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $3.00 target price on the stock. Finally, Oppenheimer decreased their target price on Community Health Systems from $6.50 to $5.50 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.20.

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.