800,000 Shares in Community Health Systems, Inc. (NYSE:CYH) Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP bought a new stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 800,000 shares of the company's stock, valued at approximately $2,392,000. Brevan Howard Capital Management LP owned approximately 0.58% of Community Health Systems at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC boosted its position in Community Health Systems by 1,278.2% during the third quarter. Barclays PLC now owns 707,805 shares of the company's stock worth $4,296,000 after acquiring an additional 656,447 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Community Health Systems by 157.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company's stock worth $12,459,000 after purchasing an additional 2,550,678 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Community Health Systems by 166.7% in the fourth quarter. SG Americas Securities LLC now owns 59,529 shares of the company's stock valued at $178,000 after purchasing an additional 37,211 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Community Health Systems by 93.1% during 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 buying an additional 23,902 shares during the period. Finally, Apollon Wealth Management LLC acquired a new stake in Community Health Systems in the 4th quarter worth about $60,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CYH has been the topic of several recent analyst reports. Barclays cut their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, February 20th. UBS Group set a $3.50 price target on shares of Community Health Systems in a report on Friday, April 25th. StockNews.com upgraded Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Truist Financial reduced their target price on Community Health Systems from $4.00 to $3.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company cut their price objective on Community Health Systems from $2.50 to $2.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $3.92.

Community Health Systems Stock Performance

Shares of NYSE:CYH opened at $2.91 on Wednesday. The company has a market cap of $408.29 million, a P/E ratio of -0.75 and a beta of 1.99. The business's 50-day simple moving average is $2.68 and its 200 day simple moving average is $3.26. Community Health Systems, Inc. has a one year low of $2.24 and a one year high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.07. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the business earned ($0.14) earnings per share. The firm's revenue was up .6% on a year-over-year basis. Analysts predict that Community Health Systems, Inc. will post -0.29 earnings per share for the current 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.

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