Graham Capital Management L.P. Buys 214,664 Shares of Community Health Systems, Inc. (NYSE:CYH)

Graham Capital Management L.P. boosted its holdings in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 443.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,113 shares of the company's stock after buying an additional 214,664 shares during the quarter. Graham Capital Management L.P. owned approximately 0.19% of Community Health Systems worth $787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers lifted its position in Community Health Systems by 2.4% during the fourth quarter. Rhumbline Advisers now owns 201,436 shares of the company's stock worth $602,000 after acquiring an additional 4,654 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock worth $27,000 after purchasing an additional 6,445 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Community Health Systems by 9.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 109,987 shares of the company's stock valued at $329,000 after purchasing an additional 9,300 shares during the period. Geode Capital Management LLC increased its position in Community Health Systems by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company's stock worth $8,402,000 after buying an additional 9,772 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in shares of Community Health Systems during the fourth quarter worth $33,000. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Stock Performance

Shares of NYSE CYH traded down $0.01 during trading hours on Tuesday, hitting $4.16. 269,674 shares of the stock were exchanged, compared to its average volume of 2,842,876. Community Health Systems, Inc. has a 1-year low of $2.24 and a 1-year high of $6.29. The company has a market cap of $583.53 million, a PE ratio of -1.07 and a beta of 1.99. The company's fifty day simple moving average is $2.85 and its two-hundred day simple moving average is $3.20.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly 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 business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the business posted ($0.14) EPS. The company's revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts expect that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Community Health Systems from $2.50 to $2.00 and set an "underweight" rating on the stock in a research note on Monday, March 10th. Truist Financial decreased their target price on shares of 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. UBS Group set a $3.50 price target on shares of Community Health Systems in a research report on Friday, April 25th. Barclays reduced their price target on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 20th. Finally, StockNews.com raised Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $3.92.

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.