SunLink Health Systems, Inc. (NYSE:SSY) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC lessened its stake in shares of SunLink Health Systems, Inc. (NYSE:SSY) by 16.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,744 shares of the company’s stock after selling 26,340 shares during the quarter. Acadian Asset Management LLC owned about 1.96% of SunLink Health Systems worth $109,000 at the end of the most recent reporting period.

Separately, Wittenberg Investment Management Inc. increased its position in shares of SunLink Health Systems by 53.3% during the 4th quarter. Wittenberg Investment Management Inc. now owns 87,565 shares of the company’s stock valued at $81,000 after purchasing an additional 30,449 shares during the period. Institutional investors and hedge funds own 23.67% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on SunLink Health Systems in a report on Sunday, September 15th. They issued a “hold” rating for the company.

SunLink Health Systems Trading Up 12.4 %

NYSE:SSY opened at $0.88 on Friday. The company has a 50-day moving average of $0.81 and a 200-day moving average of $0.74. SunLink Health Systems, Inc. has a twelve month low of $0.53 and a twelve month high of $1.05. The firm has a market cap of $6.23 million, a price-to-earnings ratio of -0.86 and a beta of 1.39.

About SunLink Health Systems

SunLink Health Systems, Inc, through its subsidiaries, provides healthcare products and services in the southeastern United States. It operates in two segments, Healthcare Services and Pharmacy. The Healthcare Services segment owns and operates a 49-licensed-bed acute care hospital, which includes a 26-bed geriatric psychiatry unit; two clinics; and a 66-bed extended care and rehabilitation centre.