Squarepoint Ops LLC cut its holdings in shares of Community Health Systems, Inc. (NYSE:CYH – Free Report) by 37.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,799 shares of the company’s stock after selling 35,864 shares during the quarter. Squarepoint Ops LLC’s holdings in Community Health Systems were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of the business. nVerses Capital LLC purchased a new position in Community Health Systems in the 2nd quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale bought a new position in Community Health Systems in the 2nd quarter worth about $33,000. Canada Pension Plan Investment Board bought a new stake in shares of Community Health Systems during the second quarter valued at about $45,000. BOS Asset Management LLC bought a new position in shares of Community Health Systems in the first quarter valued at approximately $80,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Community Health Systems by 412.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 24,702 shares of the company’s stock worth $83,000 after acquiring an additional 19,886 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Community Health Systems Stock Performance
CYH stock opened at $5.43 on Friday. The firm has a market cap of $754.44 million, a P/E ratio of -7.14 and a beta of 1.55. The firm’s fifty day moving average is $5.41 and its 200 day moving average is $4.21. Community Health Systems, Inc. has a 52 week low of $2.01 and a 52 week high of $6.29.
Analyst Ratings Changes
Several research analysts have recently weighed in on CYH shares. UBS Group upped their price target on shares of Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Oppenheimer lifted their price target on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 price objective on shares of Community Health Systems in a research report on Monday, August 12th. Truist Financial boosted their price target on shares of Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a research note on Monday, July 15th. Finally, 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Community Health Systems presently has a consensus rating of “Hold” and a consensus target price of $4.73.
Check Out Our Latest Report on CYH
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.
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