Arrowstreet Capital Limited Partnership Sells 832,153 Shares of Community Health Systems, Inc. (NYSE:CYH)

Arrowstreet Capital Limited Partnership lowered its position in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 48.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 892,164 shares of the company's stock after selling 832,153 shares during the period. Arrowstreet Capital Limited Partnership owned 0.64% of Community Health Systems worth $2,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CYH. Franklin Resources Inc. lifted its position in shares of Community Health Systems by 4.1% during the third quarter. Franklin Resources Inc. now owns 75,520 shares of the company's stock worth $422,000 after purchasing an additional 2,989 shares in the last quarter. Rhumbline Advisers lifted its holdings in Community Health Systems by 2.4% during the 4th quarter. Rhumbline Advisers now owns 201,436 shares of the company's stock worth $602,000 after buying an additional 4,654 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Community Health Systems during the fourth quarter worth $35,000. Virtu Financial LLC acquired a new stake in Community Health Systems in the fourth quarter worth about $38,000. Finally, Apollon Wealth Management LLC bought a new position in shares of Community Health Systems in the 4th quarter valued at about $60,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CYH. Truist Financial lowered their target price on shares of Community Health Systems from $4.00 to $3.00 and set a "hold" rating for the company in a report on Friday. Barclays cut their price target on shares of Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company decreased their price target on shares of Community Health Systems from $2.50 to $2.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Guggenheim initiated coverage on Community Health Systems in a report on Wednesday, April 9th. They set a "neutral" rating on the stock. 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 issued a buy rating to the company. According to MarketBeat.com, Community Health Systems currently has a consensus rating of "Hold" and an average price target of $4.02.

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Community Health Systems Stock Down 1.7 %

Shares of NYSE:CYH traded down $0.05 during mid-day trading on Tuesday, reaching $2.54. 151,248 shares of the stock were exchanged, compared to its average volume of 2,461,811. The company has a market cap of $355.67 million, a P/E ratio of -0.65 and a beta of 1.72. The stock's 50 day simple moving average is $2.95 and its 200-day simple moving average is $3.58. Community Health Systems, Inc. has a one year low of $2.24 and a one year high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.51). The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.14 billion. Analysts anticipate that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Community Health Systems Company Profile

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.