Community Health Systems, Inc. (NYSE:CYH) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,436 shares of the company’s stock after acquiring an additional 4,654 shares during the quarter. Rhumbline Advisers owned about 0.14% of Community Health Systems worth $602,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its holdings in shares of Community Health Systems by 157.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock worth $12,459,000 after buying an additional 2,550,678 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Community Health Systems by 301.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company’s stock worth $2,029,000 after acquiring an additional 250,909 shares during the last quarter. Barclays PLC grew its stake in Community Health Systems by 1,278.2% during the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock valued at $4,296,000 after purchasing an additional 656,447 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Community Health Systems by 93.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company’s stock valued at $148,000 after purchasing an additional 23,902 shares during the period. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Community Health Systems during the fourth quarter worth about $60,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Price Performance

Community Health Systems stock opened at $2.96 on Friday. The stock has a market cap of $410.52 million, a price-to-earnings ratio of -0.76 and a beta of 1.81. The firm has a 50 day simple moving average of $3.24 and a 200-day simple moving average of $4.17. Community Health Systems, Inc. has a 1-year low of $2.69 and a 1-year high of $6.29.

Community Health Systems (NYSE:CYH) last posted its earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.51). The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.14 billion. Equities analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CYH has been the subject of several research reports. Wells Fargo & Company cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $5.00 to $2.50 in a research note on Monday, November 25th. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. UBS Group cut their price target on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Raymond James cut Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Finally, Truist Financial lowered their price target on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Community Health Systems currently has an average rating of “Hold” and a consensus price target of $4.18.

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.