Northwestern Mutual Investment Management Company LLC acquired a new stake in Community Health Systems, Inc. (NYSE:CYH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,471 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds have also made changes to their positions in the business. State of Tennessee Treasury Department boosted its position in shares of Community Health Systems by 138.4% during the first quarter. State of Tennessee Treasury Department now owns 217,398 shares of the company’s stock worth $1,929,000 after purchasing an additional 126,208 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Community Health Systems during the second quarter worth $2,628,000. Nationwide Fund Advisors boosted its position in shares of Community Health Systems by 214.9% during the first quarter. Nationwide Fund Advisors now owns 238,001 shares of the company’s stock worth $2,111,000 after purchasing an additional 162,431 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Community Health Systems during the first quarter worth $152,000. Finally, Alps Advisors Inc. bought a new position in shares of Community Health Systems during the second quarter worth $107,000. 94.69% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, major shareholder Tian Qiao Chen acquired 9,766,897 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of $7.27 per share, for a total transaction of $71,005,341.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.70% of the company’s stock.

Shares of Community Health Systems, Inc. (NYSE CYH) opened at 7.09 on Wednesday. Community Health Systems, Inc. has a one year low of $4.15 and a one year high of $11.74. The company’s market cap is $793.62 million. The company’s 50 day moving average is $7.16 and its 200 day moving average is $8.63.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) 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 analysts’ expectations of $4.14 billion. During the same quarter last year, the business posted $0.09 EPS. The business’s quarterly revenue was down 9.7% on a year-over-year basis. On average, equities analysts predict that Community Health Systems, Inc. will post ($0.31) earnings per share for the current year.

A number of equities analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Community Health Systems in a research report on Tuesday, June 6th. They set an “underweight” rating and a $9.50 price target on the stock. Piper Jaffray Companies reissued a “sell” rating and set a $9.00 price target on shares of Community Health Systems in a research report on Wednesday, July 26th. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Deutsche Bank AG reduced their price target on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. Finally, UBS AG reissued a “neutral” rating and set a $8.00 price target (down from $10.00) on shares of Community Health Systems in a research report on Wednesday, August 23rd. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.84.

Community Health Systems 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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