Aberdeen Group plc Acquires 342,359 Shares of Community Health Systems, Inc. $CYH

Key Points

• Aberdeen Group plc raised its stake in Community Health Systems by 23.9%, purchasing 342,359 shares to own 1,772,139 shares (about 1.28% of the company) valued at roughly $5.53 million per its latest 13F filing.
• Analyst sentiment is mixed with a MarketBeat consensus of "Hold" and an average price target of $3.62, while recent price targets and ratings range from Wells Fargo's $2.00 (underweight) to Truist's $4.50 and a Zacks upgrade to Strong Buy.
• CYH trades near $3.11 with a market cap of $430.45M, a P/E of 0.83, 50- and 200-day SMAs around $3.22–$3.28, a 1-year range of $2.26–$4.47, and institutional investors owning about 84.99% of shares.

Aberdeen Group plc lifted its holdings in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,772,139 shares of the company's stock after purchasing an additional 342,359 shares during the quarter. Aberdeen Group plc owned 1.28% of Community Health Systems worth $5,529,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CYH. Wealth Enhancement Advisory Services LLC bought a new stake in Community Health Systems during the third quarter worth $32,000. Wealthcare Advisory Partners LLC bought a new stake in Community Health Systems during the fourth quarter worth $35,000. Quarry LP bought a new stake in Community Health Systems during the third quarter worth $39,000. R Squared Ltd bought a new stake in Community Health Systems during the third quarter worth $40,000. Finally, GK Wealth Management LLC bought a new stake in Community Health Systems during the fourth quarter worth $41,000. Institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

CYH has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Community Health Systems from $3.00 to $2.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 7th. Zacks Research raised shares of Community Health Systems from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Truist Financial set a $4.50 price objective on shares of Community Health Systems in a research report on Monday, January 5th. Weiss Ratings lowered shares of Community Health Systems from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, March 19th. Finally, UBS Group increased their price objective on shares of Community Health Systems from $3.60 to $3.70 and gave the company a "neutral" rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $3.62.

Community Health Systems Trading Up 2.5%

NYSE:CYH opened at $3.11 on Thursday. The stock has a market cap of $430.45 million, a P/E ratio of 0.83 and a beta of 1.97. The stock has a 50 day simple moving average of $3.22 and a 200 day simple moving average of $3.28. Community Health Systems, Inc. has a 1-year low of $2.26 and a 1-year high of $4.47.

Community Health Systems Profile

Community Health Systems, Inc NYSE: CYH is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company's core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.

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