Quadrature Capital Ltd Trims Position in Community Health Systems, Inc. (NYSE:CYH)

Quadrature Capital Ltd trimmed its position in shares of Community Health Systems, Inc. (NYSE:CYH) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,458 shares of the company’s stock after selling 4,615 shares during the quarter. Quadrature Capital Ltd’s holdings in Community Health Systems were worth $98,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CYH. Red Door Wealth Management LLC purchased a new position in shares of Community Health Systems during the 4th quarter valued at approximately $36,000. Eagle Asset Management Inc. purchased a new position in shares of Community Health Systems during the 4th quarter valued at approximately $40,000. Regatta Capital Group LLC purchased a new position in shares of Community Health Systems during the 4th quarter valued at approximately $53,000. Bison Wealth LLC purchased a new position in shares of Community Health Systems during the 4th quarter valued at approximately $63,000. Finally, Algert Global LLC purchased a new stake in Community Health Systems in the 3rd quarter worth $69,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Stock Up 5.0 %

Shares of CYH opened at $3.36 on Friday. Community Health Systems, Inc. has a 52-week low of $2.01 and a 52-week high of $5.20. The firm’s fifty day moving average is $3.47 and its two-hundred day moving average is $3.35. The stock has a market cap of $466.94 million, a PE ratio of -3.54 and a beta of 1.51.

Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, April 24th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.05. Community Health Systems had a negative net margin of 0.99% and a negative return on equity of 5.51%. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the company posted ($0.43) EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, research analysts anticipate that Community Health Systems, Inc. will post -0.32 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on CYH. Barclays began coverage on shares of Community Health Systems in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $3.00 price target for the company. Oppenheimer cut their price target on shares of Community Health Systems from $5.50 to $4.50 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Truist Financial boosted their price target on shares of Community Health Systems from $3.25 to $3.75 and gave the stock a “hold” rating in a report on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.05.

About Community Health Systems

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.