Virtu Financial LLC Makes New Investment in Community Health Systems, Inc. (NYSE:CYH)

Virtu Financial LLC acquired a new stake in Community Health Systems, Inc. (NYSE:CYH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,770 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cibc World Markets Corp bought a new stake in Community Health Systems during the 4th quarter valued at about $35,000. Apollon Wealth Management LLC purchased a new position in shares of Community Health Systems during the fourth quarter worth approximately $60,000. Raymond James Financial Inc. bought a new stake in shares of Community Health Systems during the fourth quarter valued at approximately $104,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in 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 worth $148,000 after purchasing an additional 23,902 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Community Health Systems by 74.3% during the 4th quarter. Intech Investment Management LLC now owns 59,303 shares of the company’s stock worth $177,000 after purchasing an additional 25,274 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Down 4.3 %

NYSE:CYH opened at $2.59 on Wednesday. The stock has a market capitalization of $362.91 million, a PE ratio of -0.66 and a beta of 1.81. Community Health Systems, Inc. has a 52 week low of $2.53 and a 52 week high of $6.29. The stock’s 50-day moving average price is $3.13 and its 200-day moving average price is $3.82.

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

Analysts Set New Price Targets

Several brokerages have issued reports on CYH. Wells Fargo & Company dropped their target price on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Truist Financial cut their target price on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research note on Monday, January 6th. Barclays decreased their price target on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, February 20th. UBS Group cut their price objective on shares of 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. Finally, StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.10.

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.