Apollo Management Holdings L.P. Increases Position in Community Health Systems, Inc. (NYSE:CYH)

Apollo Management Holdings L.P. boosted its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 20.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,689,741 shares of the company's stock after purchasing an additional 1,138,596 shares during the quarter. Community Health Systems comprises approximately 0.3% of Apollo Management Holdings L.P.'s portfolio, making the stock its 17th biggest holding. Apollo Management Holdings L.P. owned approximately 4.81% of Community Health Systems worth $20,002,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in Community Health Systems by 157.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company's stock valued at $12,459,000 after purchasing an additional 2,550,678 shares during the last quarter. Barclays PLC boosted its holdings 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 acquiring an additional 656,447 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Community Health Systems by 12.3% in the fourth quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company's stock worth $33,490,000 after buying an additional 1,229,039 shares during the period. Rhumbline Advisers grew its stake in Community Health Systems by 2.4% in 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 boosted its stake in Community Health Systems by 0.3% during the fourth 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 in the last quarter. Institutional investors own 84.99% of the company's stock.

Community Health Systems Stock Performance

NYSE CYH traded up $0.04 on Monday, hitting $2.87. 639,852 shares of the stock were exchanged, compared to its average volume of 2,166,640. The stock has a fifty day moving average price of $2.70 and a two-hundred day moving average price of $3.28. The firm has a market capitalization of $401.98 million, a P/E ratio of -0.73 and a beta of 1.99. Community Health Systems, Inc. has a 52-week low of $2.24 and a 52-week high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.07. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. The business's revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned ($0.14) EPS. Sell-side analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Barclays cut their target price on shares of Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, February 20th. UBS Group set a $3.50 price target on shares of Community Health Systems in a research report on Friday, April 25th. Guggenheim started coverage on shares of Community Health Systems in a report on Wednesday, April 9th. They issued a "neutral" rating for the company. Finally, Truist Financial dropped their price objective on 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $3.92.

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.