Two Sigma Advisers LP Trims Stock Holdings in Community Health Systems, Inc. (NYSE:CYH)

Two Sigma Advisers LP decreased its holdings in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 25.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,994,055 shares of the company's stock after selling 681,000 shares during the quarter. Two Sigma Advisers LP owned 1.44% of Community Health Systems worth $5,962,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CYH. Barclays PLC grew its holdings in shares of Community Health Systems by 1,278.2% during the third quarter. Barclays PLC now owns 707,805 shares of the company's stock worth $4,296,000 after purchasing an additional 656,447 shares in the last quarter. SG Americas Securities LLC lifted its position in Community Health Systems by 166.7% in the 4th quarter. SG Americas Securities LLC now owns 59,529 shares of the company's stock worth $178,000 after buying an additional 37,211 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Community Health Systems by 93.1% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company's stock worth $148,000 after buying an additional 23,902 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in Community Health Systems in the 4th quarter worth approximately $60,000. Finally, Rhumbline Advisers lifted its position in Community Health Systems by 2.4% in the 4th quarter. Rhumbline Advisers now owns 201,436 shares of the company's stock worth $602,000 after buying an additional 4,654 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CYH. Barclays dropped their target price on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company restated an "underweight" rating and issued a $3.50 target price (up previously from $2.00) on shares of Community Health Systems in a research report on Thursday. UBS Group set a $3.50 price objective on Community Health Systems in a research report on Friday, April 25th. Wall Street Zen upgraded Community Health Systems from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Truist Financial lowered their price objective on Community Health Systems from $4.00 to $3.00 and set a "hold" rating for the company in a research report on Friday, April 11th. 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 MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $4.17.

Community Health Systems Stock Performance

Shares of Community Health Systems stock traded down $0.02 during midday trading on Friday, reaching $3.89. 426,262 shares of the company's stock traded hands, compared to its average volume of 2,790,324. The company has a market cap of $545.09 million, a PE ratio of -1.00 and a beta of 1.99. The stock has a 50 day moving average of $3.03 and a 200-day moving average of $3.18. Community Health Systems, Inc. has a 12 month low of $2.24 and a 12 month high of $6.29.

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

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.