Community Health Systems, Inc. (NYSE:CYH) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 913.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,420,393 shares of the company's stock after purchasing an additional 1,280,300 shares during the quarter. Renaissance Technologies LLC owned about 1.02% of Community Health Systems worth $4,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cibc World Markets Corp purchased a new stake in Community Health Systems in the fourth quarter worth about $35,000. Virtu Financial LLC purchased a new position in shares of Community Health Systems in the 4th quarter valued at approximately $38,000. Apollon Wealth Management LLC bought a new stake in shares of Community Health Systems during the fourth quarter valued at approximately $60,000. KLP Kapitalforvaltning AS bought a new position in Community Health Systems in the fourth quarter worth $62,000. Finally, AXQ Capital LP purchased a new position in Community Health Systems during the fourth quarter valued at $63,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CYH. Wells Fargo & Company decreased their price target on shares of Community Health Systems from $2.50 to $2.00 and set an "underweight" rating for the company in a research note on Monday, March 10th. StockNews.com upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. UBS Group decreased their target price on Community Health Systems from $4.80 to $4.10 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Truist Financial decreased their target price on shares of Community Health Systems from $4.00 to $3.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Finally, Barclays reduced their price objective on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Community Health Systems currently has an average rating of "Hold" and an average price target of $4.02.

Community Health Systems Stock Up 18.9 %

Shares of Community Health Systems stock traded up $0.46 during trading on Thursday, reaching $2.89. The company's stock had a trading volume of 10,508,899 shares, compared to its average volume of 2,156,893. The business has a 50 day moving average price of $2.82 and a 200-day moving average price of $3.44. The company has a market capitalization of $405.48 million, a P/E ratio of -0.74 and a beta of 1.72. Community Health Systems, Inc. has a 12-month low of $2.24 and a 12-month high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.07. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. Research analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal 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.