Prescott Group Capital Management L.L.C. Grows Position in Community Health Systems, Inc. (NYSE:CYH)

Prescott Group Capital Management L.L.C. lifted its position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 142.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,013 shares of the company's stock after purchasing an additional 260,000 shares during the quarter. Prescott Group Capital Management L.L.C. owned 0.32% of Community Health Systems worth $1,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CYH. Creative Planning acquired a new stake in Community Health Systems in the 3rd quarter valued at $163,000. Los Angeles Capital Management LLC grew its stake in Community Health Systems by 301.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company's stock valued at $2,029,000 after acquiring an additional 250,909 shares during the period. Versor Investments LP acquired a new stake in Community Health Systems in the 3rd quarter valued at $186,000. Aigen Investment Management LP purchased a new position in Community Health Systems in the 3rd quarter valued at $94,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Community Health Systems by 522.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 264,198 shares of the company's stock valued at $1,604,000 after purchasing an additional 221,759 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

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

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Community Health Systems Trading Up 0.5 %

CYH traded up $0.02 on Friday, hitting $2.96. The company had a trading volume of 2,743,747 shares, compared to its average volume of 1,966,047. The firm has a market cap of $410.52 million, a P/E ratio of -0.76 and a beta of 1.81. Community Health Systems, Inc. has a 1 year low of $2.69 and a 1 year high of $6.29. The company's fifty day moving average price is $3.24 and its 200 day moving average price is $4.15.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.51). The company had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $3.14 billion. On average, analysts predict that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

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.