Balyasny Asset Management L.P. Buys Shares of 129,953 Community Health Systems, Inc. (NYSE:CYH)

Balyasny Asset Management L.P. bought a new position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 129,953 shares of the company's stock, valued at approximately $389,000. Balyasny Asset Management L.P. owned approximately 0.09% of Community Health Systems as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. increased its position 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 in the last quarter. Barclays PLC increased its stake in Community Health Systems by 1,278.2% in the third quarter. Barclays PLC now owns 707,805 shares of the company's stock valued at $4,296,000 after purchasing an additional 656,447 shares during the period. Vanguard Group Inc. raised its stake in Community Health Systems by 12.3% during the 4th quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company's stock valued at $33,490,000 after acquiring an additional 1,229,039 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Community Health Systems by 2.4% during the fourth quarter. Rhumbline Advisers now owns 201,436 shares of the company's stock worth $602,000 after purchasing an additional 4,654 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Community Health Systems by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company's stock worth $8,402,000 after acquiring an additional 9,772 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group set a $3.50 price objective on shares of Community Health Systems in a report on Friday, April 25th. StockNews.com raised Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Barclays cut their price target on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, February 20th. Guggenheim started coverage on shares of Community Health Systems in a research note on Wednesday, April 9th. They set a "neutral" rating for the company. Finally, Wells Fargo & Company reduced their target price 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 research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Community Health Systems currently has an average rating of "Hold" and an average price target of $3.92.

Community Health Systems Stock Down 1.9%

Community Health Systems stock traded down $0.08 during midday trading on Thursday, hitting $3.88. The company's stock had a trading volume of 303,387 shares, compared to its average volume of 2,311,175. Community Health Systems, Inc. has a 12 month low of $2.24 and a 12 month high of $6.29. The stock's 50-day moving average price is $2.90 and its 200-day moving average price is $3.21. The company has a market capitalization of $543.69 million, a PE ratio of -0.99 and a beta of 1.99.

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

About Community Health Systems

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.