Deutsche Bank AG Sells 642,735 Shares of Community Health Systems, Inc. (NYSE:CYH)

Deutsche Bank AG lowered its stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 54.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 540,903 shares of the company's stock after selling 642,735 shares during the quarter. Deutsche Bank AG owned 0.39% of Community Health Systems worth $1,617,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CYH. Cetera Investment Advisers raised its position in Community Health Systems by 45.9% during the fourth quarter. Cetera Investment Advisers now owns 50,408 shares of the company's stock valued at $151,000 after purchasing an additional 15,863 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of Community Health Systems during the 4th quarter valued at about $2,392,000. Balyasny Asset Management L.P. bought a new stake in Community Health Systems in the 4th quarter worth approximately $389,000. Whitebox Advisors LLC boosted its stake in Community Health Systems by 57.2% in the fourth quarter. Whitebox Advisors LLC now owns 2,300,111 shares of the company's stock worth $6,877,000 after buying an additional 837,338 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in Community Health Systems during the fourth quarter valued at approximately $163,000. 84.99% of the stock is owned by institutional investors.

Community Health Systems Price Performance

CYH traded up $0.14 during midday trading on Thursday, reaching $3.91. 2,227,546 shares of the company's stock traded hands, compared to its average volume of 2,328,763. Community Health Systems, Inc. has a 52 week low of $2.24 and a 52 week high of $6.29. The firm has a fifty day moving average of $3.03 and a two-hundred day moving average of $3.18. The stock has a market capitalization of $548.60 million, a price-to-earnings ratio of -1.00 and a beta of 1.99.

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

Wall Street Analyst Weigh In

CYH has been the topic of several recent research reports. Wall Street Zen raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $3.50 price objective (up from $2.00) on shares of Community Health Systems in a research note on Thursday. Barclays dropped their target price on 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. Guggenheim began coverage on Community Health Systems in a research note on Wednesday, April 9th. They issued a "neutral" rating on the stock. 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 given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Community Health Systems has a consensus rating of "Hold" and an average 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.