Community Health Systems, Inc. (NYSE:CYH) Stock Position Boosted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 301.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,189 shares of the company’s stock after buying an additional 250,909 shares during the quarter. Los Angeles Capital Management LLC owned about 0.24% of Community Health Systems worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in Community Health Systems during the 2nd quarter valued at $5,121,000. Apollo Management Holdings L.P. bought a new position in Community Health Systems during the first quarter valued at about $5,149,000. Bank of Montreal Can bought a new stake in Community Health Systems in the second quarter worth about $3,692,000. Whitebox Advisors LLC lifted its holdings in 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 acquiring an additional 913,542 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Community Health Systems by 51.0% in the 2nd quarter. Marshall Wace LLP now owns 942,303 shares of the company’s stock worth $3,166,000 after purchasing an additional 318,333 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Price Performance

NYSE CYH opened at $4.06 on Thursday. The firm has a market capitalization of $564.14 million, a price-to-earnings ratio of -1.34 and a beta of 1.60. The company has a 50 day simple moving average of $5.27 and a 200-day simple moving average of $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 results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. Community Health Systems’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.33) earnings per share. On average, analysts predict that Community Health Systems, Inc. will post -0.52 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on CYH shares. StockNews.com cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 target price on shares of Community Health Systems in a research report on Monday, August 12th. Oppenheimer increased their price target on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company boosted their price objective on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, Barclays lifted their target price on shares of Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.