Eversept Partners LP Sells 5,949,455 Shares of Community Health Systems, Inc. (NYSE:CYH)

Eversept Partners LP trimmed its holdings in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 67.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,827,000 shares of the company's stock after selling 5,949,455 shares during the period. Community Health Systems makes up about 0.8% of Eversept Partners LP's holdings, making the stock its 25th biggest position. Eversept Partners LP owned approximately 2.03% of Community Health Systems worth $8,453,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CYH. Vanguard Group Inc. raised its holdings in shares of Community Health Systems by 12.3% during the fourth quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company's stock worth $33,490,000 after acquiring an additional 1,229,039 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Community Health Systems by 157.8% during the 4th 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 in the last quarter. DG Capital Management LLC lifted its holdings in shares of Community Health Systems by 54.8% during the 4th quarter. DG Capital Management LLC now owns 3,502,511 shares of the company's stock valued at $10,473,000 after buying an additional 1,240,413 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Community Health Systems by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company's stock valued at $8,402,000 after buying an additional 9,772 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Community Health Systems by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,038 shares of the company's stock valued at $6,677,000 after acquiring an additional 244,721 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Stock Down 6.9 %

NYSE CYH traded down $0.20 during trading on Friday, hitting $2.68. The company's stock had a trading volume of 3,916,245 shares, compared to its average volume of 2,149,665. Community Health Systems, Inc. has a 52 week low of $2.24 and a 52 week high of $6.29. The firm has a market cap of $376.01 million, a P/E ratio of -0.69 and a beta of 1.72. The firm has a 50 day moving average price of $2.79 and a 200 day moving average price of $3.38.

Community Health Systems (NYSE:CYH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.07. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. On average, equities analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

CYH has been the topic of several analyst reports. StockNews.com upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Barclays reduced their price target on 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. Wells Fargo & Company lowered their price objective on Community Health Systems from $2.50 to $2.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. Truist Financial reduced their target price on Community Health Systems from $4.00 to $3.00 and set a "hold" rating for the company in a report on Friday, April 11th. Finally, Guggenheim assumed coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Two research 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. Based on data from MarketBeat, Community Health Systems has a consensus rating of "Hold" and a consensus price target of $4.02.

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.