BNP Paribas Arbitrage SA Boosts Holdings in Community Health Systems, Inc. (CYH)

BNP Paribas Arbitrage SA grew its holdings in Community Health Systems, Inc. (NYSE:CYH) by 89.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,611 shares of the company’s stock after acquiring an additional 52,572 shares during the period. BNP Paribas Arbitrage SA owned about 0.10% of Community Health Systems worth $857,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Alps Advisors Inc. acquired a new position in shares of Community Health Systems in the second quarter worth $107,000. Shelton Capital Management acquired a new position in shares of Community Health Systems in the second quarter worth $110,000. Group One Trading L.P. grew its stake in shares of Community Health Systems by 27.5% in the second quarter. Group One Trading L.P. now owns 14,765 shares of the company’s stock worth $147,000 after acquiring an additional 3,189 shares in the last quarter. ARP Americas LLC acquired a new position in shares of Community Health Systems in the third quarter worth $121,000. Finally, Bank of Montreal Can grew its stake in shares of Community Health Systems by 158.7% in the second quarter. Bank of Montreal Can now owns 15,702 shares of the company’s stock worth $156,000 after acquiring an additional 9,632 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

Shares of Community Health Systems, Inc. (CYH) opened at $4.35 on Friday. Community Health Systems, Inc. has a 1 year low of $3.85 and a 1 year high of $10.51. The company has a quick ratio of 1.86, a current ratio of 2.05 and a debt-to-equity ratio of 10.62.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.47). Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period last year, the firm earned ($0.35) earnings per share. Community Health Systems’s revenue was down 16.3% on a year-over-year basis. sell-side analysts forecast that Community Health Systems, Inc. will post -1.25 EPS for the current fiscal year.

Several equities analysts have commented on the stock. ValuEngine upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday. UBS reaffirmed a “neutral” rating and set a $8.00 price objective (down from $10.00) on shares of Community Health Systems in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Community Health Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. SunTrust Banks set a $7.00 price objective on shares of Community Health Systems and gave the stock a “hold” rating in a research report on Sunday, October 15th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research report on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $6.47.

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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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