Shanda Payment Holdings Ltd increased its stake in Community Health Sys Inc New (CYH) by 214.18% based on its latest 2016Q3 regulatory filing with the SEC. Shanda Payment Holdings Ltd bought 10.66M shares as the company’s stock declined 4.07% while stock markets rallied. The institutional investor held 15.64M shares of the health care company at the end of 2016Q3, valued at $180.50M, up from 4.98 million at the end of the previous reported quarter. Shanda Payment Holdings Ltd who had been investing in Community Health Sys Inc New for a number of months, seems to be bullish on the $768.36M market cap company. The stock is up 5.59% or $0.36 after the positive news, hitting $6.7 per share. About 2.44 million shares traded hands. Community Health Systems (NYSE:CYH) has declined 56.51% since June 7, 2016 and is downtrending. It has underperformed by 63.93% the S&P500.
Shanda Payment Holdings Ltd, which manages about $641.90 million US Long portfolio, decreased its stake in Kkr & Co LP Del (NYSE:KKR) by 995,945 shares to 3.64M shares, valued at $51.85M in 2016Q3, according to the filing.
Insitutional Activity: The institutional sentiment decreased to 0.88 in Q3 2016. Its down 0.52, from 1.4 in 2016Q2. The ratio dropped, as 44 funds sold all CYH shares owned while 88 reduced positions. 42 funds bought stakes while 74 increased positions. They now own 123.35 million shares or 4.01% more from 118.59 million shares in 2016Q2. The California-based Aperio Gru Lc has invested 0.01% in Community Health Systems (NYSE:CYH). Northern Tru reported 2.35M shares or 0.01% of all its holdings. California State Teachers Retirement System, a California-based fund reported 233,586 shares. Moreover, Everpoint Asset Mgmt Limited has 0.5% invested in Community Health Systems (NYSE:CYH) for 2.40 million shares. Palouse Capital Mgmt holds 0.46% or 93,240 shares in its portfolio. Camber Capital Mgmt Ltd Co has 5.00 million shares for 2.54% of their US portfolio. Blackrock holds 79,456 shares or 0% of its portfolio. Blackrock Group Incorporated Limited holds 0% or 164,832 shares in its portfolio. Blackrock Fund Advsrs, a California-based fund reported 6.40 million shares. Muhlenkamp accumulated 1.64% or 375,380 shares. Css Limited Co Il owns 500 shares or 0% of their US portfolio. Mitsubishi Ufj And Bk last reported 11,975 shares in the company. Lsv Asset Management has 915,800 shares for 0.02% of their US portfolio. Nuveen Asset Management Ltd Limited Liability Company has 0% invested in the company for 53,863 shares. Cwm Ltd Liability last reported 0% of its portfolio in the stock.
Insider Transactions: Since September 26, 2016, the stock had 1 insider buy, and 0 selling transactions for $9.55 million net activity. Chen Tian Qiao bought $9.55M worth of stock.
More notable recent Community Health Systems (NYSE:CYH) news were published by: Finance.Yahoo.com which released: “Community Health Systems to Participate in 35th Annual J.P. Morgan Healthcare …” on January 05, 2017, also Reuters.com with their article: “Fitch Affirms Community Health Systems at ‘B’; Outlook Negative” published on December 29, 2016, Finance.Yahoo.com published: “Almost Family, Inc. Completes Acquisition of Controlling Interest in Community …” on January 03, 2017. More interesting news about Community Health Systems (NYSE:CYH) were released by: Businesswire.com and their article: “Community Health Systems Completes Sale and Leaseback of Ten Medical Office …” published on December 22, 2016 as well as Streetinsider.com‘s news article titled: “Community Health Systems (CYH) to Sell Two Washington Hospitals” with publication date: December 13, 2016.
According to Zacks Investment Research, “Community Health Systems, Inc. is a leading provider of non-urban acute healthcare services. Their facilities, together with their medical staffs, provide a wide range of inpatient and outpatient acute care services and a variety of specialty services.”
Community Health Systems (NYSE:CYH) Ratings Coverage
Out of 20 analysts covering Community Health (NYSE:CYH), 2 rate it a “Buy”, 7 “Sell”, while 11 “Hold”. This means 10% are positive. Community Health has been the topic of 52 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Tuesday, February 16 the stock rating was downgraded by Jefferies to “Hold”. The firm has “Neutral” rating given on Thursday, October 22 by Mizuho. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, May 24. The rating was maintained by Oppenheimer on Wednesday, November 4 with “Outperform”. The stock of Community Health Systems (NYSE:CYH) has “Sector Perform” rating given on Wednesday, November 9 by RBC Capital Markets. The stock of Community Health Systems (NYSE:CYH) has “Neutral” rating given on Friday, January 8 by Wedbush. The stock of Community Health Systems (NYSE:CYH) has “Market Perform” rating given on Wednesday, November 4 by Leerink Swann. The company was downgraded on Monday, January 4 by Wells Fargo. Piper Jaffray initiated Community Health Systems (NYSE:CYH) on Wednesday, January 4 with “Neutral” rating. Leerink Swann downgraded Community Health Systems (NYSE:CYH) on Tuesday, October 27 to “Market Perform” rating.
CYH Company Profile
Community Health Systems, Inc., incorporated on June 6, 1996, is an operator of general acute care hospitals in communities. The Firm provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Firm operates through two divisions: hospital activities and home care agencies operations. The hospital activities include its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. The home care agencies activities provide in-home outpatient care. The Company’s services include general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services. Through its subsidiaries, the Company owns, leases or operates 160 affiliated hospitals in 22 states with an aggregate of approximately 27,000 licensed beds.
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