Principal Financial Group Inc. Has $64,000 Position in Community Health Systems, Inc. (NYSE:CYH)

Principal Financial Group Inc. trimmed its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 29.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,476 shares of the company’s stock after selling 4,358 shares during the quarter. Principal Financial Group Inc.’s holdings in Community Health Systems were worth $64,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of Community Health Systems in the 2nd quarter worth about $25,000. DekaBank Deutsche Girozentrale bought a new stake in Community Health Systems in the second quarter worth approximately $33,000. Signaturefd LLC acquired a new position in Community Health Systems in the third quarter valued at approximately $33,000. Canada Pension Plan Investment Board acquired a new stake in shares of Community Health Systems during the 2nd quarter worth approximately $45,000. Finally, CWM LLC increased its stake in shares of Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after acquiring an additional 2,961 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CYH. Barclays raised their price target on shares of Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd. Wells Fargo & Company cut Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $5.00 to $2.50 in a research note on Monday. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 target price on shares of Community Health Systems in a report on Monday, August 12th. Finally, UBS Group boosted their price target on shares of Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.77.

Community Health Systems Trading Down 3.8 %

Shares of CYH opened at $3.56 on Wednesday. The stock has a 50 day moving average of $4.98 and a 200 day moving average of $4.51. Community Health Systems, Inc. has a 12 month low of $2.31 and a 12 month high of $6.29. The company has a market capitalization of $494.66 million, a price-to-earnings ratio of -1.18 and a beta of 1.60.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.08 billion. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.33) earnings per share. As a group, equities research analysts predict that Community Health Systems, Inc. will post -0.52 earnings per share for the current year.

About Community Health Systems

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.