Renaissance Technologies LLC Raises Position in Community Health Systems, Inc. (NYSE:CYH)

Renaissance Technologies LLC lifted its position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 913.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,420,393 shares of the company's stock after purchasing an additional 1,280,300 shares during the period. Renaissance Technologies LLC owned 1.02% of Community Health Systems worth $4,247,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Cibc World Markets Corp bought a new stake in shares of Community Health Systems in the 4th quarter worth approximately $35,000. Virtu Financial LLC purchased a new position in Community Health Systems during the 4th quarter valued at $38,000. Apollon Wealth Management LLC bought a new position in Community Health Systems in the 4th quarter worth $60,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Community Health Systems in the 4th quarter worth about $62,000. Finally, AXQ Capital LP bought a new stake in shares of Community Health Systems during the 4th quarter valued at about $63,000. 84.99% of the stock is owned by institutional investors.

Community Health Systems Trading Down 6.9 %

NYSE:CYH traded down $0.20 on Friday, reaching $2.68. 3,916,245 shares of the stock traded hands, compared to its average volume of 2,151,088. The company's fifty day simple moving average is $2.79 and its 200 day simple moving average is $3.41. The company has a market capitalization of $376.01 million, a price-to-earnings ratio of -0.69 and a beta of 1.72. Community Health Systems, Inc. has a 12 month low of $2.24 and a 12 month high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings data 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. Equities analysts anticipate that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CYH shares. StockNews.com raised Community Health Systems from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Barclays decreased their price objective on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, February 20th. Wells Fargo & Company dropped their target price on shares of Community Health Systems from $2.50 to $2.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. UBS Group lowered their price target on shares of Community Health Systems from $4.80 to $4.10 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Finally, Guggenheim assumed coverage on shares of Community Health Systems in a research note on Wednesday, April 9th. They set a "neutral" rating for the company. Two investment 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. Based on data from MarketBeat, Community Health Systems presently has a consensus rating of "Hold" and an average price target of $4.02.

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.