Mengis Capital Management Inc. Takes Position in Community Health Systems, Inc. (NYSE:CYH)

Mengis Capital Management Inc. bought a new stake in Community Health Systems, Inc. (NYSE:CYHGet Rating) in the 4th quarter, Holdings Channel.com reports. The firm bought 11,300 shares of the company’s stock, valued at approximately $150,000.

Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in shares of Community Health Systems by 37.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,551 shares of the company’s stock valued at $65,000 after purchasing an additional 1,519 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Community Health Systems by 13,891.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,716 shares of the company’s stock valued at $79,000 after acquiring an additional 6,668 shares during the period. Nisa Investment Advisors LLC increased its position in Community Health Systems by 59.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,390 shares of the company’s stock valued at $119,000 after acquiring an additional 3,500 shares during the period. Janus Henderson Group PLC acquired a new position in Community Health Systems in the 3rd quarter valued at about $130,000. Finally, Commonwealth Equity Services LLC increased its position in Community Health Systems by 5.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 17,157 shares of the company’s stock valued at $200,000 after acquiring an additional 933 shares during the period. 79.95% of the stock is owned by institutional investors and hedge funds.

CYH has been the topic of several recent research reports. Zacks Investment Research cut Community Health Systems from a “strong-buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research report on Wednesday, February 23rd. Wells Fargo & Company initiated coverage on Community Health Systems in a research report on Monday, March 28th. They issued an “equal weight” rating and a $12.00 price target on the stock. Finally, StockNews.com began coverage on Community Health Systems in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.20.

NYSE CYH traded up $0.37 on Tuesday, hitting $11.63. 18,524 shares of the company’s stock were exchanged, compared to its average volume of 1,269,181. The firm’s 50-day moving average price is $11.50 and its two-hundred day moving average price is $12.29. Community Health Systems, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $17.04. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 6.55, a P/E/G ratio of 0.91 and a beta of 1.67.

Community Health Systems (NYSE:CYHGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The company reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.65. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.16 billion. Community Health Systems had a negative return on equity of 21.43% and a net margin of 1.87%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS. As a group, equities analysts expect that Community Health Systems, Inc. will post 1.25 EPS for the current year.

Community Health Systems Profile (Get Rating)

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.

Further Reading

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

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