Northern Trust Corp Acquires 214,772 Shares of Community Health Systems, Inc. (NYSE:CYH)

Northern Trust Corp raised its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 16.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,496,316 shares of the company's stock after purchasing an additional 214,772 shares during the period. Northern Trust Corp owned 1.08% of Community Health Systems worth $4,474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of Community Health Systems during the fourth quarter valued at approximately $858,000. Two Sigma Securities LLC acquired a new stake in Community Health Systems during the fourth quarter valued at approximately $33,000. Penn Capital Management Company LLC lifted its position in shares of Community Health Systems by 13.6% in the 4th quarter. Penn Capital Management Company LLC now owns 2,372,280 shares of the company's stock valued at $7,093,000 after acquiring an additional 283,398 shares in the last quarter. Hood River Capital Management LLC lifted its position in shares of Community Health Systems by 5.2% in the 4th quarter. Hood River Capital Management LLC now owns 640,935 shares of the company's stock valued at $1,916,000 after acquiring an additional 31,780 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Community Health Systems by 9.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 109,987 shares of the company's stock valued at $329,000 after buying an additional 9,300 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CYH. Wall Street Zen upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Guggenheim assumed coverage on shares of Community Health Systems in a report on Wednesday, April 9th. They set a "neutral" rating for the company. Wells Fargo & Company reduced their target price on shares of Community Health Systems from $2.50 to $2.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th. Truist Financial reduced their target price on shares of 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. Finally, UBS Group set a $3.50 target price on shares of Community Health Systems in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $3.92.

Community Health Systems Trading Up 2.5%

NYSE:CYH traded up $0.09 during mid-day trading on Tuesday, hitting $3.76. 1,530,075 shares of the company's stock were exchanged, compared to its average volume of 2,324,965. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The company has a 50 day simple moving average of $2.98 and a 200-day simple moving average of $3.18. The firm has a market capitalization of $527.55 million, a P/E ratio of -0.96 and a beta of 1.99.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.07. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the business posted ($0.14) EPS. The firm's revenue for the quarter was up .6% compared to the same quarter last year. As a group, analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Community Health Systems Company Profile

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.