EntryPoint Capital LLC Makes New $337,000 Investment in Community Health Systems, Inc. (NYSE:CYH)

EntryPoint Capital LLC bought a new stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 112,637 shares of the company's stock, valued at approximately $337,000. EntryPoint Capital LLC owned approximately 0.08% of Community Health Systems at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CYH. Intech Investment Management LLC acquired a new position in Community Health Systems in the third quarter valued at $207,000. Algert Global LLC boosted its position in shares of Community Health Systems by 39.5% in the 3rd quarter. Algert Global LLC now owns 158,587 shares of the company's stock valued at $963,000 after purchasing an additional 44,944 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Community Health Systems during the 3rd quarter worth approximately $500,000. Barclays PLC increased its position in Community Health Systems by 1,278.2% during the third quarter. Barclays PLC now owns 707,805 shares of the company's stock worth $4,296,000 after buying an additional 656,447 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Community Health Systems by 4.1% in the third quarter. Franklin Resources Inc. now owns 75,520 shares of the company's stock valued at $422,000 after buying an additional 2,989 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Price Performance

Community Health Systems stock traded down $0.09 during mid-day trading on Friday, reaching $2.70. The company had a trading volume of 1,825,607 shares, compared to its average volume of 2,042,112. The stock's 50-day simple moving average is $3.15 and its 200-day simple moving average is $3.89. Community Health Systems, Inc. has a 1 year low of $2.53 and a 1 year high of $6.29. The company has a market capitalization of $378.36 million, a P/E ratio of -0.69 and a beta of 1.81.

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Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.14 billion. On average, equities analysts forecast that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Barclays lowered their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company cut their price objective on shares of Community Health Systems from $2.50 to $2.00 and set an "underweight" rating for the company in a research report on Monday, March 10th. Truist Financial dropped their price target on shares of Community Health Systems from $5.00 to $3.50 and set a "hold" rating on the stock in a research note on Monday, January 6th. Finally, UBS Group lowered their price objective on Community Health Systems from $4.80 to $4.10 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Two research 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. According to data from MarketBeat.com, Community Health Systems presently has a consensus rating of "Hold" and an average target price of $4.10.

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.