Nuveen Asset Management LLC Cuts Holdings in Community Health Systems, Inc. (NYSE:CYH)

Nuveen Asset Management LLC cut its holdings in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 88.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,384 shares of the company's stock after selling 1,171,108 shares during the quarter. Nuveen Asset Management LLC owned 0.12% of Community Health Systems worth $480,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Community Health Systems by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,783 shares of the company's stock valued at $215,000 after acquiring an additional 3,124 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Community Health Systems by 7.2% in the fourth quarter. Lazard Asset Management LLC now owns 111,626 shares of the company's stock worth $332,000 after purchasing an additional 7,515 shares during the last quarter. Graham Capital Management L.P. grew its position in Community Health Systems by 443.1% in the 4th quarter. Graham Capital Management L.P. now owns 263,113 shares of the company's stock worth $787,000 after purchasing an additional 214,664 shares during the period. Cetera Investment Advisers raised its stake in Community Health Systems by 45.9% during the 4th quarter. Cetera Investment Advisers now owns 50,408 shares of the company's stock valued at $151,000 after buying an additional 15,863 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Community Health Systems in the 4th quarter worth $2,392,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Stock Up 2.8%

CYH stock traded up $0.11 during trading on Friday, reaching $3.91. The company's stock had a trading volume of 1,186,711 shares, compared to its average volume of 2,342,583. The company's fifty day moving average is $3.16 and its 200-day moving average is $3.18. The company has a market capitalization of $547.89 million, a P/E ratio of -1.00 and a beta of 2.12. Community Health Systems, Inc. has a 1 year low of $2.24 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last released its 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 business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter in the prior year, the business posted ($0.14) EPS. The business'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 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on CYH. Truist Financial cut their price target 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. Wells Fargo & Company reaffirmed an "underweight" rating and set a $3.50 target price (up from $2.00) on shares of Community Health Systems in a report on Thursday, May 29th. 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. Barclays reduced their price objective on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, February 20th. Finally, UBS Group set a $3.50 target price on Community Health Systems in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.