D. E. Shaw & Co. Inc. Sells 726,777 Shares of Community Health Systems, Inc. (NYSE:CYH)

D. E. Shaw & Co. Inc. lowered its position in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,872,155 shares of the company's stock after selling 726,777 shares during the quarter. D. E. Shaw & Co. Inc. owned about 2.07% of Community Health Systems worth $8,588,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Community Health Systems by 1,278.2% during the 3rd quarter. Barclays PLC now owns 707,805 shares of the company's stock valued at $4,296,000 after buying an additional 656,447 shares in the last quarter. Assenagon Asset Management S.A. lifted 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 acquiring an additional 2,550,678 shares in the last quarter. SG Americas Securities LLC grew its position 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 valued at $178,000 after purchasing an additional 37,211 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of 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 in the 4th quarter worth about $60,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Stock Performance

NYSE:CYH traded down $0.02 during midday trading on Tuesday, reaching $4.16. 250,999 shares of the stock traded hands, compared to its average volume of 2,302,542. The stock has a market capitalization of $582.97 million, a P/E ratio of -1.07 and a beta of 1.99. Community Health Systems, Inc. has a 12 month low of $2.24 and a 12 month high of $6.29. The company has a fifty day moving average of $2.85 and a 200 day moving average of $3.20.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.07. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.10 billion. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.14) EPS. On average, analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays reduced their price objective 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. Guggenheim assumed coverage on Community Health Systems in a report on Wednesday, April 9th. They set a "neutral" rating for the company. StockNews.com upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. UBS Group set a $3.50 price objective on shares of Community Health Systems in a research report on Friday, April 25th. Finally, Truist Financial reduced their price objective on Community Health Systems from $4.00 to $3.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Community Health Systems presently has a consensus rating of "Hold" and a consensus price target of $3.92.

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.