Community Health Systems, Inc. (NYSE:CYH) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its holdings in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 67.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174,929 shares of the company's stock after selling 358,554 shares during the period. Cubist Systematic Strategies LLC owned about 0.13% of Community Health Systems worth $588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CYH. nVerses Capital LLC purchased a new position in shares of Community Health Systems in the second quarter worth approximately $25,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Community Health Systems in the second quarter valued at about $33,000. Canada Pension Plan Investment Board acquired a new position in shares of Community Health Systems during the second quarter worth approximately $45,000. BOS Asset Management LLC bought a new stake in Community Health Systems in the 1st quarter valued at $80,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Community Health Systems by 412.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 24,702 shares of the company's stock valued at $83,000 after acquiring an additional 19,886 shares during the period. Institutional investors own 84.99% of the company's stock.

Community Health Systems Stock Up 4.0 %

Community Health Systems stock traded up $0.21 during midday trading on Friday, reaching $5.43. The stock had a trading volume of 1,401,596 shares, compared to its average volume of 1,756,589. The firm's 50-day moving average price is $5.41 and its 200 day moving average price is $4.21. Community Health Systems, Inc. has a 12 month low of $2.01 and a 12 month high of $6.29. The firm has a market capitalization of $754.59 million, a PE ratio of -5.72 and a beta of 1.55.

Community Health Systems (NYSE:CYH - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $3.10 billion. The business's revenue was up .8% on a year-over-year basis. During the same period last year, the firm posted ($0.22) EPS. Equities research analysts expect that Community Health Systems, Inc. will post -0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Community Health Systems from $3.50 to $5.00 and gave the company an "equal weight" rating in a report on Tuesday, July 30th. Truist Financial increased their target price on Community Health Systems from $3.75 to $4.25 and gave the stock a "hold" rating in a research note on Monday, July 15th. UBS Group upped their price objective on Community Health Systems from $4.70 to $5.10 and gave the stock a "neutral" rating in a research report on Wednesday, August 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $6.00 price target on shares of Community Health Systems in a research note on Monday, August 12th. Finally, Oppenheimer upped their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Community Health Systems currently has an average rating of "Hold" and a consensus target price 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.