Nomura Asset Management Co. Ltd. raised its stake in Community Health Systems, Inc. (NYSE:CYH) by 134.4% during the first quarter, Holdings Channel reports. The fund owned 14,300 shares of the company’s stock after buying an additional 8,200 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Community Health Systems were worth $127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC acquired a new position in shares of Community Health Systems during the first quarter valued at approximately $200,000. Louisiana State Employees Retirement System increased its stake in Community Health Systems by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock worth $412,000 after buying an additional 700 shares during the last quarter. Horrell Capital Management Inc. increased its stake in Community Health Systems by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $242,000 after buying an additional 100 shares during the last quarter. Teachers Advisors LLC increased its stake in Community Health Systems by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 197,941 shares of the company’s stock worth $1,106,000 after buying an additional 17,453 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in 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 worth $1,516,000 after buying an additional 87,876 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

Shares of Community Health Systems, Inc. (NYSE CYH) opened at 9.27 on Friday. The stock’s market capitalization is $1.04 billion. The company has a 50-day moving average price of $9.20 and a 200 day moving average price of $8.57. Community Health Systems, Inc. has a 52 week low of $4.15 and a 52 week high of $13.46.

Community Health Systems (NYSE:CYH) last issued its earnings results on Monday, May 1st. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. The business had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.33 billion. Community Health Systems had a positive return on equity of 1.79% and a negative net margin of 10.77%. Community Health Systems’s revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. Equities analysts forecast that Community Health Systems, Inc. will post $0.36 EPS for the current fiscal year.

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A number of analysts recently weighed in on CYH shares. Zacks Investment Research upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday. Vetr upgraded Community Health Systems from a “strong sell” rating to a “sell” rating and set a $7.83 target price for the company in a research report on Monday, April 3rd. BidaskClub upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Deutsche Bank AG started coverage on Community Health Systems in a research report on Wednesday, April 5th. They issued a “hold” rating and a $11.00 target price for the company. Finally, Mizuho dropped their target price on Community Health Systems from $10.00 to $7.50 and set a “neutral” rating for the company in a research report on Monday, March 27th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.62.

Community Health Systems Company Profile

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

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