AEGON USA Investment Management LLC Has $481,000 Stake in Community Health Systems (NYSE:CYH)

AEGON USA Investment Management LLC lifted its holdings in shares of Community Health Systems (NYSE:CYH) by 59.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,269 shares of the company’s stock after buying an additional 66,922 shares during the quarter. AEGON USA Investment Management LLC’s holdings in Community Health Systems were worth $481,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Royce & Associates LP lifted its holdings in shares of Community Health Systems by 1.1% in the 1st quarter. Royce & Associates LP now owns 2,664,895 shares of the company’s stock worth $9,940,000 after purchasing an additional 30,000 shares in the last quarter. Trustcore Financial Services LLC bought a new position in shares of Community Health Systems in the 1st quarter worth $640,000. SG Americas Securities LLC bought a new position in shares of Community Health Systems in the 1st quarter worth $142,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Community Health Systems in the 1st quarter worth $55,000. Finally, Tibra Equities Europe Ltd bought a new position in shares of Community Health Systems in the 1st quarter worth $307,000. Institutional investors own 98.42% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research cut GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Barclays set a $24.00 price objective on Tenet Healthcare and gave the company a “hold” rating in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $3.68.

In other news, Director James S. Ely III purchased 50,000 shares of Community Health Systems stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average cost of $3.25 per share, with a total value of $162,500.00. Following the completion of the purchase, the director now directly owns 136,320 shares in the company, valued at $443,040. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Wayne T. Smith purchased 323,084 shares of Community Health Systems stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $3.32 per share, for a total transaction of $1,072,638.88. Following the completion of the purchase, the chief executive officer now owns 1,959,566 shares of the company’s stock, valued at $6,505,759.12. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,420,533 shares of company stock valued at $4,753,242. Corporate insiders own 4.50% of the company’s stock.

NYSE:CYH traded down $0.06 during trading hours on Tuesday, hitting $2.01. 2,125,125 shares of the company traded hands, compared to its average volume of 2,110,932. The business’s 50-day simple moving average is $2.59. Community Health Systems has a one year low of $2.00 and a one year high of $5.35. The firm has a market cap of $240.84 million, a P/E ratio of -1.04 and a beta of 2.41.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.09). The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was down 8.5% on a year-over-year basis. Research analysts predict that Community Health Systems will post -1.64 earnings per share for the current year.

About Community Health Systems

Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The company 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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