Teacher Retirement System of Texas Trims Position in Community Health Systems, Inc. (NYSE:CYH)

Teacher Retirement System of Texas decreased its holdings in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,236,840 shares of the company's stock after selling 478,428 shares during the period. Teacher Retirement System of Texas owned about 0.90% of Community Health Systems worth $3,871,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in Community Health Systems by 14.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,583,032 shares of the company's stock worth $17,475,000 after purchasing an additional 701,036 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in Community Health Systems by 46.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 114,710 shares of the company's stock valued at $359,000 after acquiring an additional 36,360 shares during the period. abrdn plc purchased a new position in Community Health Systems in the fourth quarter worth about $276,000. Bison Wealth LLC bought a new stake in shares of Community Health Systems during the 4th quarter valued at about $63,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Community Health Systems during the 4th quarter valued at about $313,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CYH shares. Oppenheimer reduced their target price on shares of Community Health Systems from $5.50 to $4.50 and set an "outperform" rating for the company in a report on Thursday, April 25th. StockNews.com raised Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Barclays started coverage on Community Health Systems in a research report on Wednesday, March 6th. They set an "equal weight" rating and a $3.00 target price on the stock. Finally, Truist Financial raised their price objective on Community Health Systems from $3.25 to $3.75 and gave the stock a "hold" rating in a research note on Friday, April 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $4.05.

Community Health Systems Trading Up 0.7 %

Shares of CYH traded up $0.02 during trading hours on Wednesday, reaching $3.77. 1,438,430 shares of the stock traded hands, compared to its average volume of 2,007,965. Community Health Systems, Inc. has a 52-week low of $2.01 and a 52-week high of $5.20. The company has a market cap of $523.22 million, a P/E ratio of -3.97 and a beta of 1.55. The company's 50-day moving average price is $3.15 and its two-hundred day moving average price is $3.13.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.05. Community Health Systems had a negative return on equity of 5.51% and a negative net margin of 0.99%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the company posted ($0.43) earnings per share. The business's quarterly revenue was up 1.0% compared to the same quarter last year. On average, research analysts forecast that Community Health Systems, Inc. will post -0.32 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.