Barclays PLC Raises Stock Holdings in Community Health Systems, Inc. (NYSE:CYH)

Barclays PLC raised its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 18.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 838,343 shares of the company's stock after purchasing an additional 130,538 shares during the quarter. Barclays PLC owned 0.60% of Community Health Systems worth $2,506,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in Community Health Systems by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 75,520 shares of the company's stock valued at $422,000 after buying an additional 2,989 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 period. SG Americas Securities LLC grew its stake 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 worth $178,000 after purchasing an additional 37,211 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Community Health Systems by 93.1% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company's stock valued at $148,000 after purchasing an additional 23,902 shares during the period. Finally, Apollon Wealth Management LLC bought a new position in Community Health Systems during the 4th quarter valued at approximately $60,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com raised Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Truist Financial decreased their price objective 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. Guggenheim initiated coverage on shares of Community Health Systems in a research note on Wednesday, April 9th. They set a "neutral" rating on the stock. Barclays decreased their price target on shares of Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, February 20th. 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 research 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.92.

Community Health Systems Trading Up 2.5 %

CYH traded up $0.07 during midday trading on Tuesday, reaching $2.91. The company's stock had a trading volume of 2,038,624 shares, compared to its average volume of 2,176,769. The stock's 50-day moving average is $2.68 and its 200-day moving average is $3.26. Community Health Systems, Inc. has a 1 year low of $2.24 and a 1 year high of $6.29. The firm has a market capitalization of $408.29 million, a price-to-earnings ratio of -0.75 and a beta of 1.99.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the business earned ($0.14) EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. As a group, equities research analysts forecast that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal 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.