Columbus Hill Capital Management L.P. Invests $3.89 Million in Community Health Systems, Inc. (NYSE:CYH)

Columbus Hill Capital Management L.P. bought a new stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,300,000 shares of the company's stock, valued at approximately $3,887,000. Community Health Systems accounts for 0.8% of Columbus Hill Capital Management L.P.'s portfolio, making the stock its 22nd biggest holding. Columbus Hill Capital Management L.P. owned 0.94% of Community Health Systems as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CYH. Russell Investments Group Ltd. boosted its position in Community Health Systems by 7.7% during the 4th quarter. Russell Investments Group Ltd. now owns 161,976 shares of the company's stock valued at $484,000 after buying an additional 11,603 shares during the period. Helix Partners Management LP purchased a new stake in shares of Community Health Systems during the fourth quarter worth about $4,923,000. Geode Capital Management LLC raised its position in Community Health Systems by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company's stock valued at $8,402,000 after purchasing an additional 9,772 shares during the last quarter. Norges Bank purchased a new stake in Community Health Systems in the 4th quarter worth approximately $1,059,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Community Health Systems during the fourth quarter valued at approximately $337,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

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Community Health Systems Stock Performance

NYSE CYH traded down $0.11 during trading hours on Friday, reaching $2.43. The stock had a trading volume of 1,367,194 shares, compared to its average volume of 2,086,126. The stock has a fifty day moving average of $2.98 and a 200 day moving average of $3.64. The stock has a market cap of $340.23 million, a P/E ratio of -0.62 and a beta of 1.72. Community Health Systems, Inc. has a 52-week low of $2.24 and a 52-week 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 the consensus estimate of $0.09 by ($0.51). The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.14 billion. On average, equities research analysts forecast that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CYH. Guggenheim started coverage on Community Health Systems in a research note on Wednesday. They issued a "neutral" rating on the stock. Barclays reduced their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company reduced their price objective on Community Health Systems from $2.50 to $2.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Truist Financial reduced 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. Finally, UBS Group cut their price target on Community Health Systems from $4.80 to $4.10 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $4.02.

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.