DekaBank Deutsche Girozentrale Invests $33,000 in Community Health Systems, Inc. (NYSE:CYH)

DekaBank Deutsche Girozentrale purchased a new stake in Community Health Systems, Inc. (NYSE:CYH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 10,427 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Community Health Systems by 14.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,583,032 shares of the company’s stock worth $17,475,000 after acquiring an additional 701,036 shares in the last quarter. RPO LLC acquired a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $75,000. Eagle Asset Management Inc. bought a new position in shares of Community Health Systems in the fourth quarter valued at $40,000. Lighthouse Investment Partners LLC acquired a new position in Community Health Systems during the fourth quarter worth $300,000. Finally, Jones Road Capital Management L.P. raised its position in Community Health Systems by 50.0% during the fourth quarter. Jones Road Capital Management L.P. now owns 150,000 shares of the company’s stock worth $470,000 after acquiring an additional 50,000 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CYH has been the topic of a number of research analyst reports. Oppenheimer upped their target price on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of Community Health Systems in a research report on Monday, August 12th. UBS Group boosted their target price on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Truist Financial lifted their price objective on shares of Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a research report on Monday, July 15th. Finally, Wells Fargo & Company increased their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Community Health Systems presently has an average rating of “Hold” and a consensus target price of $4.73.

Community Health Systems Stock Performance

CYH opened at $5.90 on Friday. The company has a market capitalization of $819.90 million, a P/E ratio of -6.21 and a beta of 1.56. Community Health Systems, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $5.98. The stock has a fifty day moving average of $5.04 and a 200-day moving average of $3.92.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Community Health Systems’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.22) EPS. On average, equities research analysts predict that Community Health Systems, Inc. will post -0.42 earnings per share for the current fiscal year.

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.