Principal Financial Group Inc. Has $64,000 Stock Holdings in Community Health Systems, Inc. (NYSE:CYH)

Principal Financial Group Inc. decreased its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 29.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,476 shares of the company’s stock after selling 4,358 shares during the quarter. Principal Financial Group Inc.’s holdings in Community Health Systems were worth $64,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CYH. Signaturefd LLC bought a new position in shares of Community Health Systems in the third quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale acquired a new position in Community Health Systems in the 2nd quarter valued at $33,000. CWM LLC raised its holdings in Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after acquiring an additional 2,961 shares during the period. Canada Pension Plan Investment Board bought a new stake in Community Health Systems during the second quarter valued at about $45,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Community Health Systems in the third quarter valued at about $94,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Stock Down 0.7 %

Shares of CYH opened at $3.04 on Wednesday. The company has a 50-day moving average price of $3.58 and a two-hundred day moving average price of $4.43. The stock has a market cap of $422.40 million, a price-to-earnings ratio of -1.01 and a beta of 1.59. Community Health Systems, Inc. has a 12 month low of $2.51 and a 12 month high of $6.29.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CYH. Raymond James cut Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Wells Fargo & Company cut Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $5.00 to $2.50 in a research report on Monday, November 25th. Barclays upped their target price on shares of 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. StockNews.com downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Finally, Truist Financial reduced their target price on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a research note on Monday. 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.52.

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.