Community Health Systems, Inc. (NYSE:CYH) Stake Decreased by Invesco Ltd.

Invesco Ltd. cut its position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 15.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,041,310 shares of the company's stock after selling 195,118 shares during the quarter. Invesco Ltd. owned about 0.75% of Community Health Systems worth $3,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CYH. Assenagon Asset Management S.A. grew its stake in shares of Community Health Systems by 157.8% in the fourth 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 in the last quarter. Barclays PLC boosted its holdings in Community Health Systems by 1,278.2% in the 3rd quarter. Barclays PLC now owns 707,805 shares of the company's stock worth $4,296,000 after acquiring an additional 656,447 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 1,229,039 shares during the period. Rhumbline Advisers lifted 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 worth $602,000 after purchasing an additional 4,654 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 valued at $8,402,000 after purchasing an additional 9,772 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CYH. StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Wells Fargo & Company reduced their price target on Community Health Systems from $2.50 to $2.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Guggenheim began coverage on Community Health Systems in a report on Wednesday, April 9th. They set a "neutral" rating on the stock. Barclays decreased 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 report on Thursday, February 20th. Finally, Truist Financial cut their price target on shares of Community Health Systems from $4.00 to $3.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Community Health Systems has an average rating of "Hold" and a consensus price target of $3.92.

Community Health Systems Stock Performance

Shares of Community Health Systems stock traded down $0.01 during trading hours on Friday, reaching $2.76. The company's stock had a trading volume of 566,889 shares, compared to its average volume of 2,157,082. Community Health Systems, Inc. has a one year low of $2.24 and a one year high of $6.29. The company's 50 day simple moving average is $2.72 and its 200 day simple moving average is $3.34. The stock has a market cap of $386.53 million, a P/E ratio of -0.70 and a beta of 1.72.

Community Health Systems (NYSE:CYH - Get Free Report) last issued 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 company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. The business's revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. On average, sell-side analysts predict 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.