SunLink Health Systems (NYSE:SSY) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSY) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Stock Down 2.1 %

Shares of NYSE:SSY opened at $0.76 on Friday. SunLink Health Systems has a 12-month low of $0.53 and a 12-month high of $1.05. The stock has a market cap of $5.38 million, a PE ratio of -0.74 and a beta of 1.39. The business has a 50 day moving average of $0.81 and a 200-day moving average of $0.74.

Institutional Investors Weigh In On SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. increased its holdings in SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,565 shares of the company’s stock after buying an additional 30,449 shares during the period. Wittenberg Investment Management Inc. owned 1.24% of SunLink Health Systems worth $81,000 as of its most recent filing with the Securities and Exchange Commission. 23.67% of the stock is currently owned by hedge funds and other institutional investors.

SunLink Health Systems Company Profile

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.