BNP Paribas Financial Markets Trims Holdings in Community Health Systems, Inc. (NYSE:CYH)

BNP Paribas Financial Markets trimmed its holdings in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 35.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,004,762 shares of the company's stock after selling 560,616 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.72% of Community Health Systems worth $6,099,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CYH. SG Americas Securities LLC boosted its position in shares of Community Health Systems by 384.7% during the 2nd quarter. SG Americas Securities LLC now owns 212,852 shares of the company's stock valued at $715,000 after acquiring an additional 168,941 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Community Health Systems by 301.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company's stock valued at $2,029,000 after acquiring an additional 250,909 shares during the last quarter. Hood River Capital Management LLC bought a new position in shares of Community Health Systems during the 2nd quarter valued at approximately $789,000. Vanguard Group Inc. boosted its position in shares of Community Health Systems by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company's stock valued at $28,436,000 after acquiring an additional 28,669 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Community Health Systems during the 2nd quarter valued at approximately $871,000. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Stock Performance

CYH stock traded up $0.02 during trading on Wednesday, reaching $3.42. 846,757 shares of the company traded hands, compared to its average volume of 1,802,366. Community Health Systems, Inc. has a 12 month low of $2.31 and a 12 month high of $6.29. The business has a 50 day simple moving average of $4.69 and a 200 day simple moving average of $4.50. The company has a market capitalization of $475.21 million, a price-to-earnings ratio of -1.13 and a beta of 1.55.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.08 billion. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.33) earnings per share. As a group, research analysts forecast that Community Health Systems, Inc. will post -0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CYH shares. Truist Financial decreased their price target on Community Health Systems from $5.50 to $5.00 and set a "hold" rating on the stock 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. StockNews.com lowered Community Health Systems from a "hold" rating to a "sell" rating in a research note on Monday, November 25th. UBS Group increased their price target on Community Health Systems from $4.70 to $5.10 and gave the stock a "neutral" rating in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company downgraded Community Health Systems from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $5.00 to $2.50 in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $4.77.

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.