OppenheimerFunds Inc. Has $12.44 Million Stake in Community Health Systems, Inc. (CYH)

OppenheimerFunds Inc. decreased its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 32.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,402,099 shares of the company’s stock after selling 673,308 shares during the period. OppenheimerFunds Inc.’s holdings in Community Health Systems were worth $12,436,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Community Health Systems during the fourth quarter valued at $606,000. New York State Teachers Retirement System raised its stake in shares of Community Health Systems by 19.4% in the fourth quarter. New York State Teachers Retirement System now owns 238,900 shares of the company’s stock valued at $1,335,000 after buying an additional 38,820 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Community Health Systems by 214.9% in the first quarter. Nationwide Fund Advisors now owns 238,001 shares of the company’s stock valued at $2,111,000 after buying an additional 162,431 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Community Health Systems by 138.4% in the first quarter. State of Tennessee Treasury Department now owns 217,398 shares of the company’s stock valued at $1,929,000 after buying an additional 126,208 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Community Health Systems by 47.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 271,332 shares of the company’s stock valued at $1,516,000 after buying an additional 87,876 shares in the last quarter. 95.76% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Community Health Systems (NYSE:CYH)

Shares of Community Health Systems, Inc. (CYH) traded down 2.41% on Tuesday, hitting $8.91. The stock had a trading volume of 358,305 shares. The stock’s 50-day moving average price is $9.32 and its 200 day moving average price is $7.99. Community Health Systems, Inc. has a 52 week low of $4.15 and a 52 week high of $13.90. The company’s market cap is $997.03 million.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Monday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. Community Health Systems had a positive return on equity of 1.79% and a negative net margin of 10.77%. The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the firm posted $0.27 earnings per share. The business’s revenue was down 10.3% on a year-over-year basis. On average, analysts predict that Community Health Systems, Inc. will post $0.38 EPS for the current year.

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Several equities research analysts have recently issued reports on CYH shares. Vetr upgraded Community Health Systems from a “strong sell” rating to a “sell” rating and set a $7.83 price target for the company in a report on Monday, April 3rd. Mizuho upgraded Community Health Systems from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $3.00 to $7.50 in a report on Tuesday, February 21st. Zacks Investment Research lowered Community Health Systems from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 3rd. Robert W. Baird upgraded Community Health Systems from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $5.00 to $9.00 in a report on Wednesday, February 22nd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $8.00 price target on shares of Community Health Systems in a report on Tuesday, February 21st. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.46.

About Community Health Systems

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

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