Eversept Partners LP Has $8.45 Million Stake in Community Health Systems, Inc. (NYSE:CYH)

Eversept Partners LP lowered its stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 67.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,827,000 shares of the company's stock after selling 5,949,455 shares during the quarter. Community Health Systems comprises about 0.8% of Eversept Partners LP's holdings, making the stock its 25th largest position. Eversept Partners LP owned approximately 2.03% of Community Health Systems worth $8,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CYH. Assenagon Asset Management S.A. raised its stake in shares of Community Health Systems by 157.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company's stock worth $12,459,000 after purchasing an additional 2,550,678 shares during the last quarter. Helix Partners Management LP acquired a new stake in shares of Community Health Systems in the 4th quarter worth $4,923,000. Columbus Hill Capital Management L.P. purchased a new stake in shares of Community Health Systems in the fourth quarter valued at about $3,887,000. Renaissance Technologies LLC raised its holdings in Community Health Systems by 913.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company's stock worth $4,247,000 after purchasing an additional 1,280,300 shares in the last quarter. Finally, DG Capital Management LLC lifted its position in Community Health Systems by 54.8% in the fourth quarter. DG Capital Management LLC now owns 3,502,511 shares of the company's stock valued at $10,473,000 after purchasing an additional 1,240,413 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Trading Up 18.9 %

NYSE:CYH traded up $0.46 during mid-day trading on Thursday, reaching $2.89. 10,508,899 shares of the stock were exchanged, compared to its average volume of 2,155,228. The business has a fifty day moving average price of $2.81 and a 200 day moving average price of $3.43. Community Health Systems, Inc. has a 1-year low of $2.24 and a 1-year high of $6.29. The firm has a market capitalization of $405.48 million, a PE ratio of -0.74 and a beta of 1.72.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.07. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. On average, sell-side analysts forecast that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on CYH shares. Truist Financial decreased their price target on Community Health Systems from $4.00 to $3.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Guggenheim initiated coverage on Community Health Systems in a report on Wednesday, April 9th. They issued a "neutral" rating on the stock. UBS Group lowered their price objective on Community Health Systems from $4.80 to $4.10 and set a "neutral" rating for the company in a research note on Thursday, February 20th. StockNews.com upgraded Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Barclays lowered 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, February 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $4.02.

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.