Creative Planning Makes New Investment in Community Health Systems, Inc. (NYSE:CYH)

Creative Planning purchased a new position in Community Health Systems, Inc. (NYSE:CYH) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,798 shares of the company’s stock, valued at approximately $163,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Community Health Systems by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock valued at $28,436,000 after acquiring an additional 28,669 shares during the last quarter. Whitebox Advisors LLC boosted its position in shares of Community Health Systems by 43.3% during the 2nd quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock valued at $10,150,000 after acquiring an additional 913,542 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Community Health Systems by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company’s stock valued at $5,875,000 after buying an additional 43,145 shares during the period. First Eagle Investment Management LLC raised its holdings in Community Health Systems by 5.0% during the 1st quarter. First Eagle Investment Management LLC now owns 1,657,121 shares of the company’s stock valued at $5,800,000 after buying an additional 79,000 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Community Health Systems during the 2nd quarter valued at $5,121,000. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Price Performance

Shares of CYH stock opened at $4.52 on Tuesday. Community Health Systems, Inc. has a 1-year low of $2.28 and a 1-year high of $6.29. The stock’s 50-day moving average is $5.32 and its 200 day moving average is $4.47. The company has a market cap of $628.05 million, a P/E ratio of -1.50 and a beta of 1.60.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. Community Health Systems’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Community Health Systems, Inc. will post -0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CYH. Truist Financial decreased their price target on Community Health Systems from $5.50 to $5.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada restated an “outperform” rating and set a $6.00 price target on shares of Community Health Systems in a report on Monday, August 12th. Barclays increased their price target on Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. UBS Group increased their target price on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Finally, Oppenheimer increased their target price on Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Community Health Systems presently has a consensus rating of “Hold” and an average price target of $5.18.

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.