Community Health Systems, Inc. (NYSE:CYH) Short Interest Update

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 12,900,000 shares, a decline of 5.8% from the January 15th total of 13,700,000 shares. Based on an average trading volume of 2,580,000 shares, the short-interest ratio is currently 5.0 days. Approximately 10.9% of the company's stock are sold short.

Institutional Investors Weigh In On Community Health Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in Community Health Systems by 157.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company's stock valued at $12,459,000 after purchasing an additional 2,550,678 shares during the period. Los Angeles Capital Management LLC grew its holdings in Community Health Systems by 301.3% in the third quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company's stock valued at $2,029,000 after purchasing an additional 250,909 shares during the period. Barclays PLC grew its holdings in Community Health Systems by 1,278.2% in the third quarter. Barclays PLC now owns 707,805 shares of the company's stock valued at $4,296,000 after purchasing an additional 656,447 shares during the period. Signaturefd LLC purchased a new stake in Community Health Systems in the third quarter valued at approximately $33,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Community Health Systems by 93.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company's stock valued at $148,000 after purchasing an additional 23,902 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Stock Performance

NYSE CYH traded down $0.03 during trading hours on Friday, reaching $3.52. The company's stock had a trading volume of 3,202,505 shares, compared to its average volume of 2,427,753. The company's 50-day moving average is $3.21 and its two-hundred day moving average is $4.27. Community Health Systems has a fifty-two week low of $2.51 and a fifty-two week high of $6.29. The stock has a market cap of $488.41 million, a PE ratio of -0.90 and a beta of 1.63.

Community Health Systems (NYSE:CYH - Get Free Report) last posted 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 business had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $3.14 billion. Equities analysts expect that Community Health Systems will post -0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial lowered their price target 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. UBS Group lowered their target price on shares of Community Health Systems from $4.80 to $4.10 and set a "neutral" rating for the company in a report on Thursday. Wells Fargo & Company cut shares of Community Health Systems from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $5.00 to $2.50 in a report on Monday, November 25th. Barclays reduced their price target on shares of Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Raymond James downgraded shares of Community Health Systems from a "market perform" rating to an "underperform" rating in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Community Health Systems presently has an average rating of "Hold" and an average price target of $4.18.

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.