Community Health Systems, Inc. (NYSE:CYH) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC lowered its holdings in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 61.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,019 shares of the company's stock after selling 284,607 shares during the quarter. Verition Fund Management LLC owned 0.13% of Community Health Systems worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC purchased a new stake in Community Health Systems during the 3rd quarter valued at $33,000. nVerses Capital LLC bought a new stake in Community Health Systems during the second quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale bought a new position in Community Health Systems in the second quarter worth approximately $33,000. CWM LLC boosted its stake in shares of Community Health Systems by 32.1% during the 3rd quarter. CWM LLC now owns 12,191 shares of the company's stock worth $74,000 after acquiring an additional 2,961 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Community Health Systems in the 2nd quarter worth $45,000. 84.99% of the stock is owned by institutional investors.

Community Health Systems Trading Up 1.3 %

Shares of CYH stock traded up $0.04 during trading hours on Monday, hitting $3.52. The company's stock had a trading volume of 4,277,887 shares, compared to its average volume of 1,844,612. The company has a 50 day moving average of $4.48 and a 200 day moving average of $4.50. Community Health Systems, Inc. has a 12-month low of $2.31 and a 12-month high of $6.29. The stock has a market cap of $488.41 million, a PE ratio of -1.16 and a beta of 1.55.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.14). The firm had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.08 billion. During the same quarter last year, the firm earned ($0.33) EPS. The firm's revenue was up .1% on a year-over-year basis. As a group, analysts anticipate that Community Health Systems, Inc. will post -0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group raised their price objective on Community Health Systems from $4.70 to $5.10 and gave the company a "neutral" rating in a research report on Wednesday, August 14th. Truist Financial lowered their target price on shares of Community Health Systems from $5.50 to $5.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Raymond James lowered shares of Community Health Systems from a "market perform" rating to an "underperform" rating in a report on Friday, November 22nd. Barclays upped their target price on shares of Community Health Systems from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Finally, StockNews.com downgraded shares of Community Health Systems from a "hold" rating to a "sell" rating in a research note on Monday, November 25th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.77.

About Community Health Systems

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.