Readystate Asset Management LP Invests $732,000 in Community Health Systems, Inc. (NYSE:CYH)

Readystate Asset Management LP bought a new stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 reporting period.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in Community Health Systems by 250.0% during the fourth 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. Two Sigma Securities LLC bought a new stake in shares of Community Health Systems in the fourth quarter worth $33,000. Cibc World Markets Corp bought a new stake in Community Health Systems during the fourth quarter valued at about $35,000. Harbor Capital Advisors Inc. bought a new stake in Community Health Systems during the first quarter valued at about $36,000. Finally, Virtu Financial LLC bought a new stake in Community Health Systems during the fourth quarter valued at about $38,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Price Performance

Community Health Systems stock traded down $0.14 during midday trading on Friday, hitting $2.77. 7,086,531 shares of the stock were exchanged, compared to its average volume of 3,258,186. The company has a 50 day moving average price of $3.55 and a two-hundred day moving average price of $3.21. The firm has a market cap of $387.96 million, a P/E ratio of -1.86 and a beta of 2.06. 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, July 23rd. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.10). The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.02 billion. The business's revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.17) earnings per share. As a group, analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on CYH shares. Truist Financial boosted their price target on Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a report on Wednesday, July 16th. UBS Group cut their price target on Community Health Systems from $3.50 to $3.20 and set a "neutral" rating on the stock in a research report on Friday. Jefferies Financial Group reissued a "hold" rating and set a $3.00 target price (down previously from $4.25) on shares of Community Health Systems in a report on Thursday. 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 report on Thursday. Finally, Royal Bank Of Canada lowered their target price on Community Health Systems from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Community Health Systems has a consensus rating of "Hold" and a consensus price target of $3.74.

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.