Community Health Systems (CYH) : Shanda Asset Management Holdings Ltd added new position in Community Health Systems during the most recent quarter end. The investment management firm now holds 4,978,249 shares of Community Health Systems which is valued at $54,511,827 , the company said in a statement filed on Aug 11, 2016 with the SEC.Community Health Systems makes up approximately 8.84% of Shanda Asset Management Holdings Ltd’s portfolio.
Other Hedge Funds, Including , Bessemer Group Inc reduced its stake in CYH by selling 295 shares or 3.16% in the most recent quarter. The Hedge Fund company now holds 9,031 shares of CYH which is valued at $98,889.Ameritas Investment Partners boosted its stake in CYH in the latest quarter, The investment management firm added 9,359 additional shares and now holds a total of 26,435 shares of Community Health Systems which is valued at $289,463. Community Health Systems makes up approx 0.02% of Ameritas Investment Partners’s portfolio.William Harris Investors Inc boosted its stake in CYH in the latest quarter, The investment management firm added 5,300 additional shares and now holds a total of 943,291 shares of Community Health Systems which is valued at $11,810,003. Community Health Systems makes up approx 2.76% of William Harris Investors Inc’s portfolio. Princeton Alpha Management Lp added CYH to its portfolio by purchasing 31,346 company shares during the most recent quarter which is valued at $392,452. Community Health Systems makes up approx 0.07% of Princeton Alpha Management Lp’s portfolio.Gsa Capital Partners Llp boosted its stake in CYH in the latest quarter, The investment management firm added 79,750 additional shares and now holds a total of 89,985 shares of Community Health Systems which is valued at $1,126,612. Community Health Systems makes up approx 0.06% of Gsa Capital Partners Llp’s portfolio.
Community Health Systems opened for trading at $10.33 and hit $10.62 on the upside on Tuesday, eventually ending the session at $10.56, with a gain of 2.92% or 0.3 points. The heightened volatility saw the trading volume jump to 27,40,397 shares. Company has a market cap of $1,200 M.
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.