Community Health Systems Sees Unusually Large Options Volume (NYSE:CYH)

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) saw unusually large options trading on Thursday. Stock traders purchased 5,385 call options on the stock. This represents an increase of approximately 182% compared to the typical daily volume of 1,909 call options.

Hedge Funds Weigh In On Community Health Systems

A number of institutional investors have recently modified their holdings of the company. Bank of Montreal Can purchased a new position in Community Health Systems during the second quarter worth about $3,692,000. Whitebox Advisors LLC increased its stake in shares of Community Health Systems by 43.3% during the 2nd 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. Barclays PLC boosted its position in shares of Community Health Systems by 1,278.2% in the third quarter. Barclays PLC now owns 707,805 shares of the company's stock worth $4,296,000 after acquiring an additional 656,447 shares during the last quarter. Marshall Wace LLP grew its holdings in Community Health Systems by 51.0% in the second quarter. Marshall Wace LLP now owns 942,303 shares of the company's stock valued at $3,166,000 after purchasing an additional 318,333 shares during the period. Finally, Renaissance Technologies LLC increased its position in Community Health Systems by 111.8% during the second quarter. Renaissance Technologies LLC now owns 537,093 shares of the company's stock worth $1,805,000 after purchasing an additional 283,500 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Raymond James lowered Community Health Systems from a "market perform" rating to an "underperform" rating in a report on Friday, November 22nd. Barclays increased their price target on shares of Community Health Systems from $3.00 to $5.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Truist Financial decreased their price objective on shares of Community Health Systems from $5.50 to $5.00 and set a "hold" rating on the stock in a report on Friday, October 25th. StockNews.com downgraded shares of Community Health Systems from a "hold" rating to a "sell" rating in a research report on Monday, November 25th. Finally, Wells Fargo & Company cut Community Health Systems from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $5.00 to $2.50 in a report on Monday, November 25th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $4.77.

Community Health Systems Stock Up 2.7 %

Shares of Community Health Systems stock traded up $0.08 during trading on Thursday, hitting $3.07. 2,096,418 shares of the company were exchanged, compared to its average volume of 1,977,800. The firm has a 50 day moving average price of $3.66 and a 200 day moving average price of $4.43. The stock has a market capitalization of $426.57 million, a price-to-earnings ratio of -1.02 and a beta of 1.55. Community Health Systems has a fifty-two week low of $2.51 and a fifty-two week high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the company earned ($0.33) EPS. The firm's quarterly revenue was up .1% on a year-over-year basis. Analysts predict that Community Health Systems 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.