Whitebox Advisors LLC Lowers Position in Community Health Systems, Inc. (NYSE:CYH)

Whitebox Advisors LLC decreased its position in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 51.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,462,773 shares of the company's stock after selling 1,558,160 shares during the period. Whitebox Advisors LLC owned about 1.05% of Community Health Systems worth $8,879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Community Health Systems during the second quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale bought a new position in Community Health Systems in the 2nd quarter worth $33,000. Signaturefd LLC purchased a new stake in shares of Community Health Systems in the 3rd quarter worth about $33,000. Canada Pension Plan Investment Board purchased a new position in shares of Community Health Systems during the second quarter valued at about $45,000. Finally, CWM LLC raised its stake in Community Health Systems by 32.1% in the third quarter. CWM LLC now owns 12,191 shares of the company's stock worth $74,000 after buying an additional 2,961 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $6.00 target price on shares of Community Health Systems in a research report on Monday, August 12th. Wells Fargo & Company downgraded shares of Community Health Systems from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $5.00 to $2.50 in a research note on Monday, November 25th. UBS Group upped their price target on Community Health Systems from $4.70 to $5.10 and gave the stock a "neutral" rating in a research note on Wednesday, August 14th. Barclays lifted their price objective on Community Health Systems from $3.00 to $5.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Finally, Truist Financial cut their target price on Community Health Systems from $5.50 to $5.00 and set a "hold" rating on the stock in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Community Health Systems has a consensus rating of "Hold" and an average target price of $4.77.

Community Health Systems Stock Up 3.0 %

Community Health Systems stock traded up $0.10 during midday trading on Friday, reaching $3.47. 6,115,164 shares of the company traded hands, compared to its average volume of 1,806,117. Community Health Systems, Inc. has a 12 month low of $2.31 and a 12 month high of $6.29. The business has a 50 day moving average of $4.53 and a two-hundred day moving average of $4.49.

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 firm had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.08 billion. Community Health Systems's revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.33) EPS. Research analysts anticipate that Community Health Systems, Inc. will post -0.55 EPS 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.