XTX Topco Ltd Sells 59,915 Shares of Community Health Systems, Inc. (NYSE:CYH)

XTX Topco Ltd decreased its position in Community Health Systems, Inc. (NYSE:CYH) by 82.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,962 shares of the company’s stock after selling 59,915 shares during the period. XTX Topco Ltd’s holdings in Community Health Systems were worth $79,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Bank of Montreal Can acquired a new position in Community Health Systems in the second quarter valued at about $3,692,000. Whitebox Advisors LLC raised its holdings in Community Health Systems by 43.3% during the 2nd quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock worth $10,150,000 after buying an additional 913,542 shares during the period. Marshall Wace LLP boosted its holdings in shares of Community Health Systems by 51.0% in the second quarter. Marshall Wace LLP now owns 942,303 shares of the company’s stock valued at $3,166,000 after buying an additional 318,333 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Community Health Systems by 111.8% during the second quarter. Renaissance Technologies LLC now owns 537,093 shares of the company’s stock worth $1,805,000 after acquiring an additional 283,500 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Community Health Systems in the 2nd quarter valued at $871,000. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

CYH has been the topic of several recent research reports. Barclays lifted their price target 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. 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. Wells Fargo & Company cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $5.00 to $2.50 in a research note on Monday, November 25th. Raymond James lowered shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Finally, StockNews.com downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.77.

Community Health Systems Trading Up 3.9 %

NYSE CYH opened at $3.16 on Friday. The firm has a market capitalization of $439.08 million, a P/E ratio of -1.05 and a beta of 1.55. The firm’s fifty day moving average price is $4.09 and its two-hundred day moving average price is $4.46. Community Health Systems, Inc. has a 1 year low of $2.51 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH) last issued its 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 for the quarter, compared to the consensus estimate of $3.08 billion. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.33) earnings per share. On average, research analysts anticipate that Community Health Systems, Inc. will post -0.56 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.