234,800 Shares in Community Health Systems, Inc. (NYSE:CYH) Purchased by Hood River Capital Management LLC

Hood River Capital Management LLC acquired a new stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 234,800 shares of the company's stock, valued at approximately $789,000. Hood River Capital Management LLC owned about 0.17% of Community Health Systems as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in Community Health Systems during the 2nd quarter valued at $25,000. DekaBank Deutsche Girozentrale bought a new position in shares of Community Health Systems in the second quarter worth about $33,000. Eagle Asset Management Inc. purchased a new position in Community Health Systems in the 4th quarter worth about $40,000. Canada Pension Plan Investment Board bought a new stake in Community Health Systems during the 2nd quarter valued at about $45,000. Finally, BOS Asset Management LLC bought a new position in Community Health Systems in the 1st quarter worth about $80,000. Institutional investors own 84.99% of the company's stock.

Community Health Systems Stock Performance

NYSE:CYH traded up $0.31 during midday trading on Tuesday, reaching $6.22. 1,676,272 shares of the stock traded hands, compared to its average volume of 1,800,874. The stock has a market capitalization of $864.37 million, a PE ratio of -6.23 and a beta of 1.56. Community Health Systems, Inc. has a 12-month low of $2.01 and a 12-month high of $6.27. The business has a 50-day moving average of $5.08 and a two-hundred day moving average of $3.96.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.05). The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the firm earned ($0.22) earnings per share. Community Health Systems's quarterly revenue was up .8% on a year-over-year basis. Research analysts anticipate that Community Health Systems, Inc. will post -0.42 earnings per share for the current year.

Analysts Set New Price Targets

CYH has been the subject of a number of research reports. Oppenheimer boosted their price target on Community Health Systems from $4.50 to $5.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Truist Financial increased their price target on Community Health Systems from $3.75 to $4.25 and gave the stock a "hold" rating in a research report on Monday, July 15th. UBS Group lifted their price objective on Community Health Systems from $4.70 to $5.10 and gave the company a "neutral" rating in a report on Wednesday, August 14th. Royal Bank of Canada reissued an "outperform" rating and set a $6.00 target price on shares of Community Health Systems in a research report on Monday, August 12th. Finally, Wells Fargo & Company increased their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $4.73.

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.