AQR Capital Management LLC Sells 420,793 Shares of Community Health Systems, Inc. (NYSE:CYH)

AQR Capital Management LLC reduced its holdings in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 31.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 925,761 shares of the company's stock after selling 420,793 shares during the quarter. AQR Capital Management LLC owned approximately 0.67% of Community Health Systems worth $3,111,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Community Health Systems by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company's stock valued at $28,436,000 after buying an additional 28,669 shares during the period. Whitebox Advisors LLC raised its stake in shares of Community Health Systems by 43.3% in the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company's stock valued at $10,150,000 after buying an additional 913,542 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Community Health Systems by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company's stock valued at $5,875,000 after buying an additional 43,145 shares during the period. First Eagle Investment Management LLC grew its position in shares of Community Health Systems by 5.0% in the first quarter. First Eagle Investment Management LLC now owns 1,657,121 shares of the company's stock valued at $5,800,000 after purchasing an additional 79,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Community Health Systems in the second quarter valued at $5,121,000. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Price Performance

CYH stock traded down $0.17 during mid-day trading on Tuesday, hitting $5.29. 1,293,441 shares of the stock were exchanged, compared to its average volume of 1,766,668. The business has a fifty day moving average price of $5.40 and a 200 day moving average price of $4.17. Community Health Systems, Inc. has a 12 month low of $2.01 and a 12 month high of $6.29. The stock has a market capitalization of $734.44 million, a price-to-earnings ratio of -5.56 and a beta of 1.55.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CYH shares. Truist Financial lifted their price target on Community Health Systems from $3.75 to $4.25 and gave the company a "hold" rating in a research report on Monday, July 15th. UBS Group lifted their price target on Community Health Systems from $4.70 to $5.10 and gave the company a "neutral" rating in a research report on Wednesday, August 14th. Oppenheimer lifted their price target on Community Health Systems from $4.50 to $5.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Royal Bank of Canada restated 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 boosted their target price on Community Health Systems from $3.50 to $5.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $4.73.

Community Health Systems 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.