Teachers Retirement System of The State of Kentucky held its stake in shares of Community Health Systems, Inc. (NYSE:CYH) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 35,300 shares of the company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Community Health Systems were worth $313,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CYH. BlackRock Inc. boosted its stake in shares of Community Health Systems by 38,765.3% in the first quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock valued at $130,263,000 after buying an additional 14,647,864 shares during the last quarter. Laurion Capital Management LP boosted its stake in shares of Community Health Systems by 101.3% in the first quarter. Laurion Capital Management LP now owns 22,528 shares of the company’s stock valued at $200,000 after buying an additional 1,771,843 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Community Health Systems by 15.2% in the first quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock valued at $88,288,000 after buying an additional 1,312,513 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Community Health Systems by 440.5% in the first quarter. JPMorgan Chase & Co. now owns 1,376,762 shares of the company’s stock valued at $12,212,000 after buying an additional 1,122,027 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Community Health Systems by 315.5% in the first quarter. Point72 Asset Management L.P. now owns 1,344,100 shares of the company’s stock valued at $11,922,000 after buying an additional 1,020,600 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Community Health Systems, Inc. (CYH) traded up 0.77% on Tuesday, reaching $6.58. 634,897 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $9.08 and a 200 day moving average of $8.69. Community Health Systems, Inc. has a one year low of $4.15 and a one year high of $13.28. The firm’s market capitalization is $736.96 million.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.31. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the business posted $0.09 EPS. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, equities research analysts predict that Community Health Systems, Inc. will post ($0.31) EPS for the current year.

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CYH has been the subject of several research reports. Vetr cut shares of Community Health Systems from a “hold” rating to a “sell” rating and set a $8.62 price target for the company. in a research report on Monday, April 17th. Morgan Stanley initiated coverage on shares of Community Health Systems in a research report on Tuesday, June 6th. They issued an “underweight” rating and a $9.50 price target for the company. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 3rd. BidaskClub raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Piper Jaffray Companies reaffirmed a “sell” rating and issued a $9.00 price target on shares of Community Health Systems in a research report on Wednesday, July 26th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.34.

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.

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

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