1,646,592 Shares in Community Health Systems, Inc. (NYSE:CYH) Acquired by Helix Partners Management LP

Helix Partners Management LP acquired a new position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,646,592 shares of the company's stock, valued at approximately $4,923,000. Community Health Systems accounts for approximately 0.9% of Helix Partners Management LP's portfolio, making the stock its 10th biggest holding. Helix Partners Management LP owned 1.19% of Community Health Systems at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in Community Health Systems in the third quarter worth approximately $207,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Community Health Systems during the third quarter worth approximately $500,000. Barclays PLC boosted its holdings in Community Health Systems by 1,278.2% in the 3rd 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. Franklin Resources Inc. grew its position in Community Health Systems by 4.1% during the third quarter. Franklin Resources Inc. now owns 75,520 shares of the company's stock worth $422,000 after buying an additional 2,989 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position 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 valued at $12,459,000 after purchasing an additional 2,550,678 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

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Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Truist Financial reduced 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 report on Monday, January 6th. Wells Fargo & Company decreased their price objective on Community Health Systems from $2.50 to $2.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th. Barclays dropped 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 note on Thursday, February 20th. Finally, UBS Group reduced their target price 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 equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Community Health Systems presently has an average rating of "Hold" and a consensus target price of $4.10.

Community Health Systems Stock Performance

NYSE CYH traded up $0.06 on Tuesday, reaching $2.46. The company had a trading volume of 1,302,411 shares, compared to its average volume of 2,063,890. The company's fifty day moving average is $3.05 and its 200-day moving average is $3.73. 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 $344.44 million, a price-to-earnings ratio of -0.63 and a beta of 1.72.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) EPS 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. On average, research analysts forecast that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

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.