BNP Paribas Financial Markets Sells 989,538 Shares of Community Health Systems, Inc. (NYSE:CYH)

BNP Paribas Financial Markets decreased its stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 98.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,224 shares of the company's stock after selling 989,538 shares during the period. BNP Paribas Financial Markets' holdings in Community Health Systems were worth $46,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Helix Partners Management LP purchased a new position in shares of Community Health Systems in the 4th quarter worth $4,923,000. Columbus Hill Capital Management L.P. purchased a new position in shares of Community Health Systems in the 4th quarter worth $3,887,000. Renaissance Technologies LLC lifted its holdings in shares of Community Health Systems by 913.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company's stock worth $4,247,000 after acquiring an additional 1,280,300 shares during the last quarter. DG Capital Management LLC lifted its holdings in shares of Community Health Systems by 54.8% in the 4th quarter. DG Capital Management LLC now owns 3,502,511 shares of the company's stock worth $10,473,000 after acquiring an additional 1,240,413 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Community Health Systems by 12.3% in the 4th 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 during the last quarter. Institutional investors own 84.99% of the company's stock.

Community Health Systems Price Performance

CYH stock traded up $0.11 during mid-day trading on Friday, reaching $3.91. The company had a trading volume of 1,186,711 shares, compared to its average volume of 2,336,043. The company has a market capitalization of $547.89 million, a PE ratio of -1.00 and a beta of 1.99. The firm has a 50 day moving average of $3.16 and a 200 day moving average of $3.18. Community Health Systems, Inc. has a 12 month low of $2.24 and a 12 month high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly 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 business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm posted ($0.14) EPS. The company's revenue for the quarter was up .6% compared to the same quarter last year. Analysts anticipate that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Analysts Set New Price Targets

CYH has been the subject of several analyst reports. Wells Fargo & Company restated an "underweight" rating and issued a $3.50 target price (up previously from $2.00) on shares of Community Health Systems in a report on Thursday, May 29th. Barclays lowered 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 report on Thursday, February 20th. Wall Street Zen upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. 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 report on Friday, April 11th. Finally, Guggenheim began coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They issued a "neutral" rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $4.17.

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.