Community Health Systems (CYH) : North Tide Capital reduced its stake in Community Health Systems by 38.46% during the most recent quarter end. The investment management company now holds a total of 4,000,000 shares of Community Health Systems which is valued at $43,800,000 after selling 2,500,000 shares in Community Health Systems , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Community Health Systems makes up approximately 4.46% of North Tide Capital’s portfolio.
Other Hedge Funds, Including , Guggenheim Capital reduced its stake in CYH by selling 134,345 shares or 28.72% in the most recent quarter. The Hedge Fund company now holds 333,426 shares of CYH which is valued at $3,651,015. Community Health Systems makes up approx 0.01% of Guggenheim Capital’s portfolio. Capital Fund Management S.a. sold out all of its stake in CYH during the most recent quarter. The investment firm sold 68,783 shares of CYH which is valued $879,735. Ibm Retirement Fund sold out all of its stake in CYH during the most recent quarter. The investment firm sold 11,865 shares of CYH which is valued $154,008.First Quadrant L Pca boosted its stake in CYH in the latest quarter, The investment management firm added 288,800 additional shares and now holds a total of 1,606,700 shares of Community Health Systems which is valued at $20,662,162. Community Health Systems makes up approx 0.44% of First Quadrant L Pca’s portfolio.
Community Health Systems closed down -0.53 points or -4.96% at $10.15 with 34,69,048 shares getting traded on Thursday. Post opening the session at $10.7, the shares hit an intraday low of $10.07 and an intraday high of $10.735 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Community Health Systems reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.47 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.56. The company had revenue of $4590.00 million for the quarter, compared to analysts expectations of $4529.53 million. The company’s revenue was down -6.0 % compared to the same quarter last year.
Many Wall Street Analysts have commented on Community Health Systems. Mizuho Upgraded Community Health Systems on Aug 12, 2016 to ” Neutral”, Price Target of the shares are set at $10.50.Community Health Systems was Downgraded by Leerink Partners to ” Mkt Perform” on Aug 9, 2016. Credit Suisse Initiated Community Health Systems on Jul 29, 2016 to “Neutral”, Price Target of the shares are set at $14.
Community Health Systems Inc. is a hospital company and an operator of acute care hospitals in communities across the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. It operates in two operating segments: hospital operations and home care agencies operations. Its hospital operations include the Company’s acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. Its home care agencies operations provide in-home outpatient care. Services provided through its hospitals and affiliated businesses include general acute care emergency room general and specialty surgery critical care internal medicine obstetrics diagnostic psychiatric and rehabilitation services. It provides a range of hospital healthcare services and other outpatient services to patients in the communities in which the Company is located.