Caption Management LLC Cuts Stock Position in Community Health Systems, Inc. (NYSE:CYH)

Caption Management LLC trimmed its position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 64.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,001 shares of the company's stock after selling 87,002 shares during the quarter. Caption Management LLC's holdings in Community Health Systems were worth $147,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of brokerages recently commented on CYH. Truist Financial lowered 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 research note on Friday, April 11th. Wells Fargo & Company cut their target price 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. Barclays decreased their target price on 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. UBS Group set a $3.50 price target on shares of Community Health Systems in a research note on Friday, April 25th. Finally, Guggenheim started coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $3.92.

Community Health Systems Stock Up 12.9 %

NYSE:CYH opened at $3.28 on Thursday. The firm's fifty day simple moving average is $2.68 and its 200-day simple moving average is $3.26. The stock has a market cap of $459.50 million, a PE ratio of -0.84 and a beta of 1.99. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly 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 firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.10 billion. The company's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) EPS. Equities analysts anticipate 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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