Ameriprise Financial Inc. Has $7.14 Million Stake in Community Health Systems, Inc. (CYH)

Ameriprise Financial Inc. grew its stake in Community Health Systems, Inc. (NYSE:CYH) by 9.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 716,703 shares of the company’s stock after purchasing an additional 60,394 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.64% of Community Health Systems worth $7,141,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Aberdeen Asset Management PLC UK raised its stake in shares of Community Health Systems by 94.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 168,798 shares of the company’s stock valued at $1,681,000 after purchasing an additional 81,833 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Community Health Systems in the 2nd quarter valued at about $14,946,000. Schroder Investment Management Group acquired a new stake in shares of Community Health Systems in the 2nd quarter valued at about $564,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Community Health Systems by 0.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 360,632 shares of the company’s stock valued at $3,592,000 after purchasing an additional 1,930 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Community Health Systems in the 2nd quarter valued at about $235,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

A number of equities research analysts have recently issued reports on CYH shares. Zacks Investment Research upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, July 11th. Jefferies Group LLC restated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Sunday, July 30th. Royal Bank Of Canada restated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Friday, August 4th. Deutsche Bank AG dropped their price objective on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Finally, Robert W. Baird reiterated a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research note on Friday, September 1st. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Community Health Systems currently has an average rating of “Hold” and a consensus target price of $7.52.

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In related news, major shareholder Tian Qiao Chen bought 9,766,897 shares of the company’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $7.27 per share, with a total value of $71,005,341.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.

Community Health Systems, Inc. (NYSE:CYH) opened at 5.82 on Friday. Community Health Systems, Inc. has a 52-week low of $4.15 and a 52-week high of $10.51. The firm has a 50-day moving average of $6.96 and a 200 day moving average of $8.21. The company’s market cap is $651.46 million.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.31). Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. Equities research analysts expect that Community Health Systems, Inc. will post ($0.37) earnings per share for the current fiscal year.

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.

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

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