Los Angeles Capital Management LLC Has $2.03 Million Stock Position in Community Health Systems, Inc. (NYSE:CYH)

Los Angeles Capital Management LLC boosted its holdings in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 301.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 334,189 shares of the company's stock after purchasing an additional 250,909 shares during the quarter. Los Angeles Capital Management LLC owned 0.24% of Community Health Systems worth $2,029,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Community Health Systems by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company's stock worth $28,436,000 after buying an additional 28,669 shares in the last quarter. Whitebox Advisors LLC increased its stake 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 valued at $10,150,000 after acquiring an additional 913,542 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Community Health Systems by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company's stock worth $5,875,000 after purchasing an additional 43,145 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Community Health Systems by 5.0% in the 1st quarter. First Eagle Investment Management LLC now owns 1,657,121 shares of the company's stock valued at $5,800,000 after purchasing an additional 79,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Community Health Systems by 6.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,616,212 shares of the company's stock worth $9,810,000 after buying an additional 91,985 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Community Health Systems Stock Down 1.1 %

Shares of NYSE CYH traded down $0.04 during trading on Thursday, reaching $4.00. The company had a trading volume of 1,575,727 shares, compared to its average volume of 1,812,684. 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 $555.10 million, a P/E ratio of -1.37 and a beta of 1.60. The company's fifty day moving average price is $5.27 and its 200-day moving average price is $4.47.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The business had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.08 billion. During the same period last year, the firm posted ($0.33) EPS. The business's revenue was up .1% on a year-over-year basis. As a group, equities analysts predict that Community Health Systems, Inc. will post -0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Truist Financial lowered their target price on 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $6.00 target price on shares of Community Health Systems in a research note on Monday, August 12th. Wells Fargo & Company boosted their price objective on Community Health Systems from $3.50 to $5.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 30th. Barclays increased their target price on Community Health Systems from $3.00 to $5.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Finally, UBS Group boosted their price target on Community Health Systems from $4.70 to $5.10 and gave the stock a "neutral" rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Community Health Systems currently has an average rating of "Hold" and an average target price of $5.18.

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.