Community Health Systems (CYH) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Community Health Systems (NYSE:CYH) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,335,691 shares of the company’s stock after purchasing an additional 32,795 shares during the quarter. Bank of New York Mellon Corp owned about 1.15% of Community Health Systems worth $4,620,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CYH. First Midwest Bank Trust Division purchased a new stake in shares of Community Health Systems during the 3rd quarter valued at about $257,000. Commonwealth Bank of Australia raised its position in shares of Community Health Systems by 277.3% during the 3rd quarter. Commonwealth Bank of Australia now owns 380,000 shares of the company’s stock valued at $1,313,000 after buying an additional 279,282 shares in the last quarter. Systematic Financial Management LP raised its position in shares of Community Health Systems by 23.7% during the 3rd quarter. Systematic Financial Management LP now owns 392,255 shares of the company’s stock valued at $1,357,000 after buying an additional 75,130 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Community Health Systems during the 2nd quarter valued at about $1,618,000. Institutional investors and hedge funds own 99.09% of the company’s stock.

Community Health Systems stock opened at $3.85 on Thursday. Community Health Systems has a 1-year low of $2.48 and a 1-year high of $6.36. The stock has a market capitalization of $430.25 million, a P/E ratio of -3.21 and a beta of 2.51.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Community Health Systems from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. ValuEngine cut shares of Community Health Systems from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Cantor Fitzgerald decreased their target price on shares of Community Health Systems from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 31st. Finally, UBS Group initiated coverage on shares of Community Health Systems in a research report on Thursday, November 15th. They issued a “sell” rating and a $2.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $3.50.

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Community Health Systems Company Profile

Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.

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

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