354,100 Shares in Community Health Systems, Inc. (NYSE:CYH) Acquired by Norges Bank

Norges Bank bought a new position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 354,100 shares of the company's stock, valued at approximately $1,059,000. Norges Bank owned 0.25% of Community Health Systems as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CYH. Franklin Resources Inc. raised its holdings in Community Health Systems by 4.1% in the third quarter. Franklin Resources Inc. now owns 75,520 shares of the company's stock worth $422,000 after purchasing an additional 2,989 shares during the period. Rhumbline Advisers increased its position in shares of Community Health Systems by 2.4% in the 4th quarter. Rhumbline Advisers now owns 201,436 shares of the company's stock valued at $602,000 after buying an additional 4,654 shares in the last quarter. Cibc World Markets Corp acquired a new stake in Community Health Systems during the 4th quarter worth $35,000. Virtu Financial LLC bought a new position in Community Health Systems during the fourth quarter worth about $38,000. Finally, Apollon Wealth Management LLC acquired a new position in Community Health Systems in the fourth quarter valued at about $60,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CYH. Barclays cut their price objective on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, February 20th. Truist Financial lowered their price objective on shares of 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. UBS Group dropped their price target on Community Health Systems from $4.80 to $4.10 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Guggenheim started coverage on Community Health Systems in a research report on Wednesday, April 9th. They set a "neutral" rating for the company. Finally, Wells Fargo & Company decreased their price target on shares of Community Health Systems from $2.50 to $2.00 and set an "underweight" rating for the company in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $4.02.

Community Health Systems Price Performance

NYSE CYH traded down $0.09 on Thursday, hitting $2.44. 605,852 shares of the stock were exchanged, compared to its average volume of 2,093,347. The business's fifty day moving average is $2.91 and its 200 day moving average is $3.56. The company has a market capitalization of $341.64 million, a PE ratio of -0.62 and a beta of 1.72. Community Health Systems, Inc. has a 52 week low of $1.61 and a 52 week high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.51). The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.14 billion. Analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Community Health Systems Company 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.