Teacher Retirement System of Texas Invests $1.02 Million in Community Health Systems, Inc. (NYSE:CYH)

Teacher Retirement System of Texas purchased a new position in Community Health Systems, Inc. (NYSE:CYH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 378,262 shares of the company's stock, valued at approximately $1,021,000. Teacher Retirement System of Texas owned 0.27% of Community Health Systems as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of CYH. Helix Partners Management LP purchased a new stake in shares of Community Health Systems in the 4th quarter worth approximately $4,923,000. Columbus Hill Capital Management L.P. purchased a new stake in Community Health Systems during the fourth quarter valued at approximately $3,887,000. Renaissance Technologies LLC lifted its position in Community Health Systems by 913.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company's stock valued at $4,247,000 after acquiring an additional 1,280,300 shares during the last quarter. DG Capital Management LLC lifted its position in Community Health Systems by 54.8% during the fourth quarter. DG Capital Management LLC now owns 3,502,511 shares of the company's stock valued at $10,473,000 after acquiring an additional 1,240,413 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Community Health Systems by 12.3% during the fourth quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company's stock valued at $33,490,000 after acquiring an additional 1,229,039 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Community Health Systems Stock Up 1.5%

Shares of NYSE CYH traded up $0.06 during trading on Thursday, hitting $3.69. The company had a trading volume of 71,413 shares, compared to its average volume of 2,399,178. The stock has a fifty day simple moving average of $3.61 and a two-hundred day simple moving average of $3.18. 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 market capitalization of $517.04 million, a price-to-earnings ratio of -1.00 and a beta of 2.06.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.07. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business earned ($0.14) EPS. The firm's revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts anticipate that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

CYH has been the subject of a number of analyst reports. Guggenheim initiated coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They set a "neutral" rating for the company. Truist Financial increased their target price 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. 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. Finally, UBS Group set a $3.50 price target on shares of Community Health Systems in a 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 issued a buy rating to the stock. According to data from MarketBeat.com, Community Health Systems presently has an average rating of "Hold" and an average target price of $4.38.

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.