The Manufacturers Life Insurance Company Purchases 2,739 Shares of Community Health Systems, Inc. (NYSE:CYH)

The Manufacturers Life Insurance Company boosted its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,701 shares of the company’s stock after acquiring an additional 2,739 shares during the period. The Manufacturers Life Insurance Company’s holdings in Community Health Systems were worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. SG Americas Securities LLC raised its holdings in Community Health Systems by 384.7% in the second quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock worth $715,000 after purchasing an additional 168,941 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Community Health Systems during the first quarter valued at approximately $1,132,000. Vanguard Group Inc. boosted its stake in Community Health Systems by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock valued at $28,436,000 after acquiring an additional 28,669 shares in the last quarter. Hood River Capital Management LLC purchased a new position in Community Health Systems in the second quarter worth $789,000. Finally, Red Door Wealth Management LLC lifted its holdings in shares of Community Health Systems by 126.6% during the 1st quarter. Red Door Wealth Management LLC now owns 26,060 shares of the company’s stock valued at $91,000 after purchasing an additional 14,560 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Oppenheimer raised their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 price objective on shares of Community Health Systems in a report on Monday, August 12th. UBS Group lifted their price target on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Finally, Truist Financial increased their price objective on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a report on Monday, July 15th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Community Health Systems currently has an average rating of “Hold” and a consensus target price of $4.73.

Community Health Systems Stock Down 0.7 %

NYSE CYH opened at $5.95 on Friday. Community Health Systems, Inc. has a 52 week low of $2.01 and a 52 week high of $6.29. The firm has a 50 day moving average of $5.51 and a two-hundred day moving average of $4.29. The stock has a market capitalization of $826.85 million, a PE ratio of -6.26 and a beta of 1.55.

Community Health Systems (NYSE:CYH) last issued its earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the firm posted ($0.22) EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts expect that Community Health Systems, Inc. will post -0.41 earnings per share for the current fiscal year.

Community Health Systems Company Profile

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.