Renaissance Technologies LLC Invests $8.81 Million in Community Health Systems (CYH)

Renaissance Technologies LLC purchased a new position in Community Health Systems (NYSE:CYH) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,576,052 shares of the company’s stock, valued at approximately $8,810,000. Renaissance Technologies LLC owned 1.42% of Community Health Systems as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of Community Health Systems by 20.9% in the third quarter. PNC Financial Services Group Inc. now owns 8,738 shares of the company’s stock worth $101,000 after buying an additional 1,510 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Community Health Systems by 4.6% in the third quarter. Acrospire Investment Management LLC now owns 11,406 shares of the company’s stock worth $132,000 after buying an additional 500 shares in the last quarter. Atria Investments LLC boosted its position in shares of Community Health Systems by 1.3% in the third quarter. Atria Investments LLC now owns 12,685 shares of the company’s stock worth $146,000 after buying an additional 161 shares in the last quarter. Howard Hughes Medical Institute boosted its position in shares of Community Health Systems by 84.8% in the third quarter. Howard Hughes Medical Institute now owns 14,943 shares of the company’s stock worth $172,000 after buying an additional 6,855 shares in the last quarter. Finally, Hartwell J M Limited Partnership acquired a new position in shares of Community Health Systems during the third quarter worth approximately $196,000.

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

Shares of Community Health Systems (NYSE:CYH) traded down 1.32% during midday trading on Friday, reaching $8.24. 2,622,255 shares of the company’s stock traded hands. The stock has a 50 day moving average of $9.04 and a 200-day moving average of $7.50. The stock’s market cap is $913.87 million. Community Health Systems has a 12 month low of $4.15 and a 12 month high of $17.73.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Monday, February 20th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.32. Community Health Systems had a negative net margin of 8.44% and a negative return on equity of 0.94%. The company earned $4.47 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the business posted ($0.28) EPS. On average, equities research analysts forecast that Community Health Systems will post $0.54 EPS for the current fiscal year.

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CYH has been the subject of a number of research analyst reports. Mizuho reiterated a “hold” rating on shares of Community Health Systems in a research note on Monday, March 13th. Zacks Investment Research upgraded shares of Community Health Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 31st. Barclays PLC reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Monday, January 9th. Jefferies Group LLC reiterated a “hold” rating and issued a $8.00 target price on shares of Community Health Systems in a research note on Tuesday, February 21st. Finally, Deutsche Bank AG initiated coverage on shares of Community Health Systems in a research note on Wednesday, April 5th. They issued a “hold” rating and a $11.00 target price for the company. Seven investment 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 has a consensus rating of “Hold” and a consensus target price of $8.82.

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.

5 Day Chart for NYSE:CYH

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