New York State Common Retirement Fund Increases Stock Position in Community Health Systems, Inc. (NYSE:CYH)

New York State Common Retirement Fund raised its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,735,544 shares of the company's stock after purchasing an additional 277,827 shares during the period. New York State Common Retirement Fund owned 1.25% of Community Health Systems worth $5,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CYH. Signaturefd LLC bought a new stake in Community Health Systems in the third quarter valued at $33,000. Apollon Wealth Management LLC bought a new stake in Community Health Systems in the fourth quarter valued at $60,000. Aigen Investment Management LP bought a new stake in Community Health Systems in the third quarter valued at $94,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Community Health Systems by 93.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company's stock worth $148,000 after acquiring an additional 23,902 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of Community Health Systems during the third quarter worth about $163,000. 84.99% of the stock is owned by institutional investors.

Community Health Systems Stock Up 2.5 %

CYH stock traded up $0.08 during trading on Monday, reaching $3.09. The stock had a trading volume of 1,522,488 shares, compared to its average volume of 1,942,596. The company has a market capitalization of $428.58 million, a price-to-earnings ratio of -0.79 and a beta of 1.63. Community Health Systems, Inc. has a one year low of $2.69 and a one year high of $6.29. The company's 50 day moving average is $3.25 and its two-hundred day moving average is $4.22.

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Community Health Systems (NYSE:CYH - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates 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. As a group, research analysts predict that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CYH shares. Raymond James downgraded shares of Community Health Systems from a "market perform" rating to an "underperform" rating in a research report on Friday, November 22nd. Wells Fargo & Company downgraded shares of Community Health Systems from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $5.00 to $2.50 in a research report on Monday, November 25th. UBS Group decreased their target price on shares of Community Health Systems from $4.80 to $4.10 and set a "neutral" rating for the company in a research report on Thursday, February 20th. StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Truist Financial reduced their price objective on shares of Community Health Systems from $5.00 to $3.50 and set a "hold" rating for the company in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Community Health Systems presently has a consensus rating of "Hold" and a consensus target price of $4.18.

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.