Barclays PLC Buys 656,447 Shares of Community Health Systems, Inc. (NYSE:CYH)

Barclays PLC boosted its position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 1,278.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 707,805 shares of the company's stock after purchasing an additional 656,447 shares during the period. Barclays PLC owned 0.51% of Community Health Systems worth $4,296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC increased its position in Community Health Systems by 301.3% during the third quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company's stock worth $2,029,000 after buying an additional 250,909 shares during the last quarter. Hood River Capital Management LLC bought a new stake in Community Health Systems during the second quarter valued at about $789,000. Acadian Asset Management LLC bought a new position in shares of Community Health Systems in the second quarter worth about $871,000. Marshall Wace LLP boosted its stake in Community Health Systems by 51.0% during the 2nd quarter. Marshall Wace LLP now owns 942,303 shares of the company's stock valued at $3,166,000 after purchasing an additional 318,333 shares during the period. Finally, Signaturefd LLC acquired a new stake in Community Health Systems in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company cut shares of Community Health Systems from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $5.00 to $2.50 in a research note on Monday, November 25th. StockNews.com cut Community Health Systems from a "hold" rating to a "sell" rating in a research report on Monday, November 25th. Truist Financial dropped their price target on Community Health Systems from $5.50 to $5.00 and set a "hold" rating for the company in a report on Friday, October 25th. Raymond James lowered Community Health Systems from a "market perform" rating to an "underperform" rating in a research note on Friday, November 22nd. Finally, Barclays boosted their target price on Community Health Systems from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $4.77.

Community Health Systems Stock Performance

NYSE:CYH traded up $0.12 during mid-day trading on Friday, hitting $3.16. The company had a trading volume of 3,253,919 shares, compared to its average volume of 1,988,893. The firm has a market cap of $439.08 million, a P/E ratio of -1.05 and a beta of 1.55. Community Health Systems, Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $6.29. The business's fifty day moving average is $4.09 and its two-hundred day moving average is $4.47.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the firm earned ($0.33) earnings per share. Community Health Systems's revenue was up .1% compared to the same quarter last year. Equities analysts forecast that Community Health Systems, Inc. will post -0.56 earnings per share for the current year.

Community Health Systems 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.