California Public Employees Retirement System Has $12.64 Million Holdings in Community Health Systems (CYH)

California Public Employees Retirement System boosted its stake in Community Health Systems (NYSE:CYH) by 11.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,645,329 shares of the company’s stock after acquiring an additional 167,633 shares during the quarter. California Public Employees Retirement System owned about 1.43% of Community Health Systems worth $12,636,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CYH. Alps Advisors Inc. bought a new position in Community Health Systems during the second quarter worth $107,000. Shelton Capital Management acquired a new stake in Community Health Systems in the second quarter worth $110,000. ARP Americas LLC acquired a new stake in Community Health Systems in the third quarter worth $121,000. Group One Trading L.P. increased its holdings in shares of Community Health Systems by 27.5% during the second quarter. Group One Trading L.P. now owns 14,765 shares of the company’s stock valued at $147,000 after purchasing an additional 3,189 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in shares of Community Health Systems during the third quarter valued at $154,000. Institutional investors own 94.72% of the company’s stock.

In other Community Health Systems news, major shareholder Tian Qiao Chen acquired 100,164 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average cost of $3.96 per share, for a total transaction of $396,649.44. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.70% of the company’s stock.

A number of research analysts have recently commented on CYH shares. ValuEngine lowered Community Health Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. Morgan Stanley decreased their target price on Community Health Systems from $6.50 to $4.50 and set an “underweight” rating for the company in a research note on Friday, November 3rd. Credit Suisse Group initiated coverage on Community Health Systems in a research note on Thursday, November 2nd. They set an “underperform” rating and a $3.50 target price for the company. Jefferies Group reaffirmed a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research note on Tuesday, September 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research note on Friday, September 1st. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.47.

Community Health Systems (NYSE:CYH) opened at $4.04 on Tuesday. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86. Community Health Systems has a 1 year low of $3.85 and a 1 year high of $10.51. The firm has a market capitalization of $463.50, a price-to-earnings ratio of -0.68 and a beta of 1.42.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.47). Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the business posted ($0.35) earnings per share. The company’s revenue was down 16.3% compared to the same quarter last year. research analysts expect that Community Health Systems will post -1.25 earnings per share for the current fiscal year.

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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.

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

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