Graham Capital Management L.P. Increases Stake in 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% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 263,113 shares of the company's stock after acquiring an additional 214,664 shares during the quarter. Graham Capital Management L.P. owned 0.19% of Community Health Systems worth $787,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CYH. Vanguard Group Inc. raised its holdings in Community Health Systems by 12.3% in the fourth quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company's stock worth $33,490,000 after purchasing an additional 1,229,039 shares in the last quarter. Apollo Management Holdings L.P. increased its stake in shares of Community Health Systems by 20.5% in the fourth quarter. Apollo Management Holdings L.P. now owns 6,689,741 shares of the company's stock worth $20,002,000 after acquiring an additional 1,138,596 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Community Health Systems by 157.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company's stock valued at $12,459,000 after buying an additional 2,550,678 shares during the last quarter. DG Capital Management LLC lifted its holdings in Community Health Systems by 54.8% in 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 period. Finally, Geode Capital Management LLC lifted its stake in shares of Community Health Systems by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company's stock valued at $8,402,000 after purchasing an additional 9,772 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Stock Performance

Community Health Systems stock opened at $3.87 on Thursday. Community Health Systems, Inc. has a one year low of $2.24 and a one year high of $6.29. The company has a market cap of $542.98 million, a P/E ratio of -0.99 and a beta of 1.99. The business has a fifty day moving average of $2.75 and a two-hundred day moving average of $3.21.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.07. The firm had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.10 billion. Community Health Systems's revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned ($0.14) EPS. Sell-side analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on CYH shares. Wells Fargo & Company dropped their price target on Community Health Systems from $2.50 to $2.00 and set an "underweight" rating for the company in a research report on Monday, March 10th. StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Barclays dropped their price target on shares of 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. UBS Group set a $3.50 target price on shares of Community Health Systems in a research note on Friday, April 25th. Finally, Truist Financial lowered their target price on shares of Community Health Systems from $4.00 to $3.00 and set a "hold" rating for the company in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Community Health Systems presently has an average rating of "Hold" and an average target price of $3.92.

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.

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