Royce & Associates LP Has $3.42 Million Holdings in Community Health Systems, Inc. (NYSE:CYH)

Key Points

• Royce & Associates LP has reduced its stake in Community Health Systems by 7.7%, selling 105,490 shares, and now owns approximately 0.90% of the company valued at $3.4 million.
• Vanguard Group and several other institutional investors have increased their stakes in Community Health Systems, with Vanguard now holding 11.2 million shares after a 12.3% increase in the fourth quarter.
• Analysts show mixed opinions on Community Health Systems, with target prices ranging from $3.00 to $4.25 and a consensus rating of "Hold" among analysts.

Royce & Associates LP trimmed its stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 7.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,265,852 shares of the company's stock after selling 105,490 shares during the quarter. Royce & Associates LP owned approximately 0.90% of Community Health Systems worth $3,418,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CYH. Readystate Asset Management LP bought a new position in Community Health Systems during the first quarter worth $732,000. Apollon Wealth Management LLC lifted its holdings in Community Health Systems by 100.0% in the first quarter. Apollon Wealth Management LLC now owns 40,000 shares of the company's stock worth $108,000 after acquiring an additional 20,000 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Community Health Systems in the first quarter worth about $1,021,000. Red Door Wealth Management LLC lifted its holdings in Community Health Systems by 30.4% in the first quarter. Red Door Wealth Management LLC now owns 30,000 shares of the company's stock worth $81,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Community Health Systems in the 1st quarter worth approximately $36,000. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Trading Up 3.0%

NYSE:CYH traded up $0.08 during trading hours on Thursday, hitting $2.60. 1,582,580 shares of the stock traded hands, compared to its average volume of 2,906,723. The firm has a market cap of $363.61 million, a price-to-earnings ratio of -1.74 and a beta of 2.06. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The firm has a 50 day moving average price of $3.46 and a 200 day moving average price of $3.19.

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 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 the consensus estimate of $3.02 billion. Community Health Systems's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.17) EPS. Research analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Guggenheim assumed coverage on Community Health Systems in a report on Wednesday, April 9th. They set a "neutral" rating on the stock. Royal Bank Of Canada dropped their price target on shares of Community Health Systems from $6.00 to $5.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. Truist Financial boosted their target price on shares of Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a report on Wednesday, July 16th. UBS Group dropped their target price on shares of Community Health Systems from $3.50 to $3.20 and set a "neutral" rating on the stock in a report on Friday, July 25th. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and issued a $3.50 price target (up previously from $2.00) on shares of Community Health Systems in a report on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $3.74.

Community Health Systems 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.