UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.76 Million Stake in Community Health Systems, Inc. (NYSE:CYH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Community Health Systems, Inc. (NYSE:CYH) by 12.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,564 shares of the company’s stock after selling 40,460 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Community Health Systems worth $1,758,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Whitebox Advisors LLC raised its position in shares of Community Health Systems by 43.3% during the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock worth $10,150,000 after acquiring an additional 913,542 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Community Health Systems by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company’s stock worth $5,875,000 after purchasing an additional 43,145 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Community Health Systems by 6.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,616,212 shares of the company’s stock valued at $9,810,000 after purchasing an additional 91,985 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Community Health Systems during the second quarter worth $3,692,000. Finally, Marshall Wace LLP raised its stake in Community Health Systems by 51.0% during the second quarter. Marshall Wace LLP now owns 942,303 shares of the company’s stock worth $3,166,000 after buying an additional 318,333 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Trading Down 4.0 %

Shares of CYH stock opened at $3.33 on Tuesday. Community Health Systems, Inc. has a 12 month low of $2.51 and a 12 month high of $6.29. The firm has a market capitalization of $462.70 million, a PE ratio of -1.10 and a beta of 1.55. The firm has a fifty day simple moving average of $4.27 and a two-hundred day simple moving average of $4.49.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. Community Health Systems’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.33) EPS. On average, equities analysts predict that Community Health Systems, Inc. will post -0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

CYH has been the subject of a number of recent analyst reports. Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Truist Financial lowered their target price on Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a report on Friday, October 25th. Barclays increased their price target on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Wells Fargo & Company lowered shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $5.00 to $2.50 in a research note on Monday, November 25th. Finally, StockNews.com lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.77.

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.