Community Health Systems, Inc. (NYSE:CYH) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 157.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,166,890 shares of the company's stock after purchasing an additional 2,550,678 shares during the period. Assenagon Asset Management S.A. owned approximately 3.00% of Community Health Systems worth $12,459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CYH. Whitebox Advisors LLC raised its position in Community Health Systems by 43.3% in the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company's stock worth $10,150,000 after acquiring an additional 913,542 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Community Health Systems by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company's stock worth $5,875,000 after acquiring an additional 43,145 shares in the last quarter. Bank of Montreal Can purchased a new position in Community Health Systems in the second quarter worth about $3,692,000. Marshall Wace LLP lifted its holdings in shares of Community Health Systems by 51.0% in the 2nd quarter. Marshall Wace LLP now owns 942,303 shares of the company's stock worth $3,166,000 after acquiring an additional 318,333 shares during the last quarter. Finally, Barclays PLC grew its position in Community Health Systems by 1,278.2% in the 3rd quarter. Barclays PLC now owns 707,805 shares of the company's stock valued at $4,296,000 after acquiring an additional 656,447 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CYH shares. Barclays upped their target price on Community Health Systems from $3.00 to $5.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. StockNews.com lowered shares of Community Health Systems from a "hold" rating to a "sell" rating in a report on Monday, November 25th. Raymond James lowered Community Health Systems from a "market perform" rating to an "underperform" rating in a research note on Friday, November 22nd. Truist Financial reduced their target price on shares of Community Health Systems from $5.00 to $3.50 and set a "hold" rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company lowered 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 report on Monday, November 25th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $4.52.

Community Health Systems Stock Up 1.2 %

CYH traded up $0.04 on Friday, hitting $3.05. The company had a trading volume of 1,607,243 shares, compared to its average volume of 2,419,322. The company's fifty day moving average price is $3.37 and its 200 day moving average price is $4.41. Community Health Systems, Inc. has a 1 year low of $2.51 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its 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 company had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.08 billion. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. The firm's revenue for the quarter was up .1% compared to the same quarter last year. On average, sell-side analysts forecast that Community Health Systems, Inc. will post -0.56 earnings per share for the current 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.