SG Americas Securities LLC Has $135,000 Stake in Community Health Systems, Inc. (NYSE:CYH)

SG Americas Securities LLC lowered its position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 89.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,318 shares of the company's stock after selling 190,534 shares during the quarter. SG Americas Securities LLC's holdings in Community Health Systems were worth $135,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Red Door Wealth Management LLC lifted its holdings in shares of Community Health Systems by 126.6% in the first quarter. Red Door Wealth Management LLC now owns 26,060 shares of the company's stock valued at $91,000 after purchasing an additional 14,560 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Community Health Systems during the 1st quarter worth about $241,000. BNP Paribas Financial Markets grew its stake in Community Health Systems by 87.0% during the 1st quarter. BNP Paribas Financial Markets now owns 61,468 shares of the company's stock valued at $215,000 after acquiring an additional 28,594 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Community Health Systems by 8.5% in the first quarter. GSA Capital Partners LLP now owns 251,922 shares of the company's stock worth $882,000 after purchasing an additional 19,787 shares in the last quarter. Finally, BOS Asset Management LLC purchased a new position in Community Health Systems during the first quarter valued at approximately $80,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

CYH has been the subject of a number of research reports. Truist Financial decreased their target price on shares of Community Health Systems from $5.50 to $5.00 and set a "hold" rating for the company in a research note on Friday. Oppenheimer upped their target price on Community Health Systems from $4.50 to $5.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Wells Fargo & Company lifted their price target on Community Health Systems from $3.50 to $5.00 and gave the company an "equal weight" rating in a report on Tuesday, July 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $6.00 price objective on shares of Community Health Systems in a research report on Monday, August 12th. Finally, Barclays increased their price target on shares of Community Health Systems from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Community Health Systems presently has an average rating of "Hold" and a consensus target price of $5.18.

Community Health Systems Stock Performance

Shares of Community Health Systems stock traded down $0.26 on Friday, reaching $3.99. The stock had a trading volume of 5,166,339 shares, compared to its average volume of 1,800,804. Community Health Systems, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $6.29. The business's 50-day moving average price is $5.52 and its two-hundred day moving average price is $4.36. The stock has a market cap of $554.47 million, a P/E ratio of -4.20 and a beta of 1.55.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.14). The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the business earned ($0.33) EPS. Community Health Systems's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts forecast that Community Health Systems, Inc. will post -0.41 earnings per share for the current fiscal year.

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.