271,004 Shares in Community Health Systems, Inc. (NYSE:CYH) Acquired by Readystate Asset Management LP

Readystate Asset Management LP acquired a new position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 271,004 shares of the company's stock, valued at approximately $732,000. Readystate Asset Management LP owned 0.19% of Community Health Systems at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CYH. Teacher Retirement System of Texas bought a new position in shares of Community Health Systems during the first quarter valued at approximately $1,021,000. Vanguard Group Inc. boosted its stake in shares of Community Health Systems by 12.3% during 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Community Health Systems by 6.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,176 shares of the company's stock valued at $921,000 after acquiring an additional 18,612 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Community Health Systems by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company's stock worth $8,402,000 after buying an additional 9,772 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock valued at $27,000 after buying an additional 6,445 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CYH shares. Barclays lowered their target price on Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating on the stock in a research report on Thursday. Guggenheim began coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They set a "neutral" rating for the company. Jefferies Financial Group reiterated a "hold" rating and issued a $3.00 target price (down previously from $4.25) on shares of Community Health Systems in a research report on Thursday. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $3.50 target price (up from $2.00) on shares of Community Health Systems in a report on Thursday, May 29th. Finally, Truist Financial increased their price objective on shares of Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $4.11.

Community Health Systems Stock Down 25.4%

NYSE:CYH traded down $0.99 during midday trading on Thursday, reaching $2.90. The stock had a trading volume of 27,483,741 shares, compared to its average volume of 2,249,674. The stock has a market cap of $406.20 million, a P/E ratio of -1.94 and a beta of 2.06. Community Health Systems, Inc. has a 12-month low of $2.24 and a 12-month high of $6.29. The firm has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $3.21.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.10). The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the firm earned ($0.17) EPS. The business's revenue for the quarter was down .2% on a year-over-year basis. On average, sell-side analysts anticipate that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

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.