Deltec Asset Management LLC lowered its stake in Community Health Systems Inc. (NYSE:CYH) by 42.6% during the second quarter, Holdings Channel reports. The firm owned 108,000 shares of the company’s stock after selling 80,000 shares during the period. Deltec Asset Management LLC’s holdings in Community Health Systems were worth $1,301,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CYH. Strs Ohio acquired a new stake in Community Health Systems during the second quarter valued at about $939,000. JFS Wealth Advisors LLC increased its stake in Community Health Systems by 28,122.2% in the second quarter. JFS Wealth Advisors LLC now owns 12,700 shares of the company’s stock valued at $153,000 after buying an additional 12,655 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in Community Health Systems by 32.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 892,393 shares of the company’s stock valued at $10,753,000 after buying an additional 216,189 shares in the last quarter. Palo Capital Inc. increased its stake in Community Health Systems by 84.7% in the second quarter. Palo Capital Inc. now owns 28,584 shares of the company’s stock valued at $344,000 after buying an additional 13,104 shares in the last quarter. Finally, First Quadrant L P CA increased its stake in Community Health Systems by 21.9% in the second quarter. First Quadrant L P CA now owns 1,606,700 shares of the company’s stock valued at $19,361,000 after buying an additional 288,800 shares in the last quarter. 96.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Community Health Systems Inc. (NYSE:CYH) traded down 5.48% during midday trading on Wednesday, hitting $10.17. The stock had a trading volume of 5,122,793 shares. The firm’s 50-day moving average price is $10.94 and its 200-day moving average price is $13.31. The firm’s market capitalization is $1.13 billion. Community Health Systems Inc. has a one year low of $9.66 and a one year high of $39.59.

Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.47. The company earned $4.59 billion during the quarter, compared to analyst estimates of $4.53 billion. Community Health Systems had a negative net margin of 7.55% and a positive return on equity of 2.10%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities analysts predict that Community Health Systems Inc. will post $1.34 EPS for the current year.

Several equities research analysts have issued reports on the company. Raymond James Financial Inc. downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Wednesday, June 1st. Leerink Swann restated a “hold” rating on shares of Community Health Systems in a report on Tuesday. Susquehanna upgraded Community Health Systems from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $10.78 to $18.00 in a report on Wednesday, September 14th. Jefferies Group restated a “hold” rating on shares of Community Health Systems in a report on Wednesday, August 10th. Finally, Credit Suisse Group AG assumed coverage on Community Health Systems in a report on Friday, July 29th. They set a “neutral” rating and a $14.00 price objective on the stock. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating to the company’s stock. Community Health Systems has an average rating of “Hold” and an average price target of $16.32.

Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals in communities. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Company operates through two segments: hospital operations and home care agencies operations.

5 Day Chart for NYSE:CYH

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