Two Sigma Investments LP Cuts Stock Position in Community Health Systems, Inc. (NYSE:CYH)

Two Sigma Investments LP reduced its position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,942,963 shares of the company's stock after selling 620,166 shares during the period. Two Sigma Investments LP owned approximately 1.40% of Community Health Systems worth $5,809,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CYH. Barclays PLC grew its stake in Community Health Systems by 1,278.2% during the 3rd quarter. Barclays PLC now owns 707,805 shares of the company's stock valued at $4,296,000 after acquiring an additional 656,447 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Community Health Systems by 166.7% during the fourth 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 increased its position in shares of Community Health Systems by 93.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company's stock valued at $148,000 after purchasing an additional 23,902 shares during the period. Apollon Wealth Management LLC bought a new stake in shares of Community Health Systems during the fourth quarter valued at approximately $60,000. Finally, Rhumbline Advisers increased its position in shares of Community Health Systems by 2.4% during the fourth quarter. Rhumbline Advisers now owns 201,436 shares of the company's stock valued at $602,000 after purchasing an additional 4,654 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

CYH has been the topic of a number of recent analyst reports. Wall Street Zen raised Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Wells Fargo & Company restated an "underweight" rating and set a $3.50 target price (up from $2.00) on shares of Community Health Systems in a report on Thursday. Truist Financial dropped their target price on Community Health Systems from $4.00 to $3.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Barclays decreased their price target on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, February 20th. Finally, Guggenheim assumed coverage on Community Health Systems in a research note on Wednesday, April 9th. They set a "neutral" rating for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $4.17.

Community Health Systems Stock Down 0.5%

NYSE:CYH traded down $0.02 during trading hours on Friday, hitting $3.88. 2,310,285 shares of the company's stock traded hands, compared to its average volume of 2,333,185. The business's fifty day simple moving average is $3.05 and its two-hundred day simple moving average is $3.18. Community Health Systems, Inc. has a 52 week low of $2.24 and a 52 week high of $6.29. The firm has a market cap of $544.39 million, a P/E ratio of -0.99 and a beta of 1.99.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share (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 analysts' expectations of $3.10 billion. During the same quarter in the prior year, the firm earned ($0.14) EPS. The firm's revenue for the quarter was up .6% on a year-over-year basis. On average, analysts expect that Community Health Systems, Inc. will post -0.29 EPS for the current 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.