Community Health Systems, Inc. (NYSE:CYH) Shares Bought by DG Capital Management LLC

DG Capital Management LLC boosted its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 54.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,502,511 shares of the company's stock after buying an additional 1,240,413 shares during the quarter. Community Health Systems makes up about 3.5% of DG Capital Management LLC's holdings, making the stock its 8th biggest position. DG Capital Management LLC owned about 2.52% of Community Health Systems worth $10,473,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cibc World Markets Corp purchased a new stake in shares of Community Health Systems during the fourth quarter worth about $35,000. Virtu Financial LLC purchased a new stake in Community Health Systems in the 4th quarter worth approximately $38,000. Apollon Wealth Management LLC acquired a new position in Community Health Systems in the 4th quarter valued at $60,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Community Health Systems during the fourth quarter worth $62,000. Finally, AXQ Capital LP purchased a new stake in shares of Community Health Systems in the fourth quarter valued at $63,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Community Health Systems Stock Performance

Shares of NYSE:CYH traded down $0.06 during midday trading on Friday, hitting $2.48. 2,353,532 shares of the company's stock traded hands, compared to its average volume of 2,095,387. Community Health Systems, Inc. has a twelve month low of $2.24 and a twelve month high of $6.29. The company has a market cap of $347.25 million, a PE ratio of -0.63 and a beta of 1.72. The firm's fifty day moving average price is $2.96 and its two-hundred day moving average price is $3.60.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CYH. Truist Financial decreased their price target on Community Health Systems from $4.00 to $3.00 and set a "hold" rating on the stock in a research note on Friday. Guggenheim started coverage on shares of Community Health Systems in a report on Wednesday. They issued a "neutral" rating for the company. Wells Fargo & Company cut their price target on shares of 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. UBS Group dropped their price objective on Community Health Systems from $4.80 to $4.10 and set a "neutral" rating for the company in a report on Thursday, February 20th. Finally, StockNews.com upgraded Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.