Northern Trust Corp Has $4.47 Million Stake in Community Health Systems, Inc. (NYSE:CYH)

Northern Trust Corp raised its holdings in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,496,316 shares of the company's stock after acquiring an additional 214,772 shares during the quarter. Northern Trust Corp owned approximately 1.08% of Community Health Systems worth $4,474,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CYH. Tower Research Capital LLC TRC grew its stake in shares of Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock valued at $27,000 after buying an additional 6,445 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $33,000. Cibc World Markets Corp bought a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $35,000. Virtu Financial LLC bought a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $38,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CYH shares. Wall Street Zen raised Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Barclays lowered their price target on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, February 20th. Guggenheim started coverage on Community Health Systems in a research report on Wednesday, April 9th. They set a "neutral" rating for the company. UBS Group set a $3.50 target price on Community Health Systems in a research report on Friday, April 25th. Finally, Wells Fargo & Company decreased their target price on Community Health Systems from $2.50 to $2.00 and set an "underweight" rating for the company in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $3.92.

Community Health Systems Stock Down 1.3%

Shares of CYH stock traded down $0.05 during trading hours on Friday, reaching $3.67. 1,770,094 shares of the company's stock were exchanged, compared to its average volume of 2,322,330. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The stock has a market capitalization of $514.92 million, a P/E ratio of -0.94 and a beta of 1.99. The business has a fifty day moving average price of $2.94 and a 200-day moving average price of $3.20.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.07. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm earned ($0.14) earnings per share. The firm's quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts expect that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

About Community Health Systems

Community Health Systems, Inc 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.