Two Sigma Securities LLC Takes Position in Community Health Systems, Inc. (NYSE:CYH)

Two Sigma Securities LLC acquired a new position in Community Health Systems, Inc. (NYSE:CYH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,089 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CYH. Barclays PLC increased its position in shares of Community Health Systems by 1,278.2% during the third quarter. Barclays PLC now owns 707,805 shares of the company’s stock worth $4,296,000 after buying an additional 656,447 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Community Health Systems by 157.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock worth $12,459,000 after acquiring an additional 2,550,678 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Community Health Systems by 166.7% in the 4th quarter. SG Americas Securities LLC now owns 59,529 shares of the company’s stock valued at $178,000 after purchasing an additional 37,211 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Community Health Systems by 93.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company’s stock worth $148,000 after purchasing an additional 23,902 shares during the period. Finally, Apollon Wealth Management LLC bought a new stake in Community Health Systems in the fourth quarter worth approximately $60,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

CYH has been the subject of several recent analyst reports. Guggenheim started coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They set a “neutral” rating for the company. Truist Financial decreased their price target on shares of Community Health Systems from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Friday, April 11th. UBS Group set a $3.50 price objective on shares of Community Health Systems in a research report on Friday, April 25th. Wells Fargo & Company dropped their price target on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. Finally, StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.92.

Community Health Systems Stock Up 2.5 %

CYH stock opened at $2.83 on Friday. The stock’s 50 day moving average is $2.70 and its 200-day moving average is $3.32. Community Health Systems, Inc. has a twelve month low of $2.24 and a twelve month high of $6.29. The firm has a market capitalization of $397.06 million, a PE ratio of -0.73 and a beta of 1.72.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.07. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the company earned ($0.14) EPS. The business’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal 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.