Lombard Odier Asset Management USA Corp Buys 10,000 Shares of Community Health Systems, Inc. (NYSE:CYH)

Lombard Odier Asset Management USA Corp raised its stake in Community Health Systems, Inc. (NYSE:CYH) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,000 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Lombard Odier Asset Management USA Corp owned about 0.09% of Community Health Systems worth $417,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Community Health Systems by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 96,027 shares of the company’s stock worth $337,000 after purchasing an additional 6,852 shares during the last quarter. nVerses Capital LLC bought a new stake in Community Health Systems during the second quarter worth about $25,000. XTX Topco Ltd raised its stake in shares of Community Health Systems by 16.2% in the second quarter. XTX Topco Ltd now owns 72,877 shares of the company’s stock valued at $245,000 after acquiring an additional 10,174 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Community Health Systems in the 2nd quarter worth approximately $33,000. Finally, Eagle Asset Management Inc. bought a new stake in Community Health Systems during the 4th quarter worth approximately $40,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CYH shares. UBS Group lifted their price objective on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price target on shares of Community Health Systems in a research report on Monday, August 12th. Wells Fargo & Company raised 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. Truist Financial upped their target price 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, Oppenheimer raised their price target 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. Five equities research analysts have rated the stock with 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 $4.73.

Community Health Systems Trading Up 1.2 %

Shares of NYSE CYH opened at $5.90 on Monday. Community Health Systems, Inc. has a 1 year low of $2.01 and a 1 year high of $5.98. The firm’s 50-day moving average is $5.04 and its 200-day moving average is $3.93. The firm has a market capitalization of $819.90 million, a PE ratio of -6.21 and a beta of 1.56.

Community Health Systems (NYSE:CYH) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $3.10 billion. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.22) earnings per share. As a group, equities research analysts anticipate that Community Health Systems, Inc. will post -0.42 earnings per share 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.