Balyasny Asset Management L.P. Invests $389,000 in Community Health Systems, Inc. (NYSE:CYH)

Balyasny Asset Management L.P. bought a new stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) during the fourth quarter, according to its most recent disclosure 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 about 0.09% of Community Health Systems at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of Community Health Systems by 250.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock worth $27,000 after acquiring an additional 6,445 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Community Health Systems during the fourth quarter worth about $33,000. Cibc World Markets Corp purchased a new position in shares of Community Health Systems during the fourth quarter worth about $35,000. Virtu Financial LLC purchased a new stake in Community Health Systems during the 4th quarter valued at approximately $38,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Community Health Systems during the 4th quarter worth approximately $54,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CYH shares. Barclays lowered 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 research report on Thursday, February 20th. Wells Fargo & Company cut their price target on shares of Community Health Systems from $2.50 to $2.00 and set an "underweight" rating for the company in a report on Monday, March 10th. UBS Group set a $3.50 price objective on Community Health Systems in a report on Friday, April 25th. StockNews.com upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Truist Financial dropped their target price on shares of Community Health Systems from $4.00 to $3.00 and set a "hold" rating for the company in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $3.92.

Community Health Systems Stock Performance

CYH stock traded down $0.27 on Wednesday, reaching $3.95. The company had a trading volume of 1,802,782 shares, compared to its average volume of 2,850,063. The company has a market cap of $553.51 million, a P/E ratio of -1.01 and a beta of 1.99. The company's fifty day moving average is $2.88 and its 200 day moving average is $3.21. Community Health Systems, Inc. has a 1 year low of $2.24 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business posted ($0.14) earnings per share. The firm's quarterly revenue was up .6% on a year-over-year basis. On average, sell-side 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.