Community Health Systems, Inc. (NYSE:CYH) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in Community Health Systems, Inc. (NYSE:CYH) by 6.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 33,269 shares of the company’s stock after acquiring an additional 2,106 shares during the period. Mackenzie Financial Corp’s holdings in Community Health Systems were worth $112,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of Community Health Systems by 384.7% during the 2nd quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock worth $715,000 after buying an additional 168,941 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Community Health Systems in the first quarter valued at $1,132,000. Vanguard Group Inc. grew its stake in shares of Community Health Systems by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock worth $28,436,000 after purchasing an additional 28,669 shares during the period. Red Door Wealth Management LLC lifted its stake 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 during the period. Finally, Hood River Capital Management LLC acquired a new position in Community Health Systems during the second quarter worth about $789,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CYH. Oppenheimer boosted their price target on Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. UBS Group increased their price objective on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Truist Financial boosted their price target on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a report on Monday, July 15th. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 target price on shares of Community Health Systems in a report on Monday, August 12th. Finally, Wells Fargo & Company raised their price objective on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.73.

Community Health Systems Price Performance

CYH stock opened at $5.47 on Tuesday. The firm has a market cap of $759.45 million, a price-to-earnings ratio of -5.75 and a beta of 1.55. Community Health Systems, Inc. has a 1-year low of $2.01 and a 1-year high of $6.29. The firm has a fifty day moving average price of $5.40 and a two-hundred day moving average price of $4.16.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.10 billion. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.22) EPS. As a group, analysts expect that Community Health Systems, Inc. will post -0.42 EPS 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.