Susquehanna Fundamental Investments LLC Acquires New Stake in Community Health Systems, Inc. (NYSE:CYH)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 286,912 shares of the company's stock, valued at approximately $858,000. Susquehanna Fundamental Investments LLC owned approximately 0.21% of Community Health Systems as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Two Sigma Securities LLC bought a new position in shares of Community Health Systems during the 4th quarter valued at approximately $33,000. Penn Capital Management Company LLC grew its holdings in shares of Community Health Systems by 13.6% during the fourth quarter. Penn Capital Management Company LLC now owns 2,372,280 shares of the company's stock worth $7,093,000 after purchasing an additional 283,398 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in Community Health Systems by 5.2% during the fourth quarter. Hood River Capital Management LLC now owns 640,935 shares of the company's stock worth $1,916,000 after buying an additional 31,780 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Community Health Systems by 9.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 109,987 shares of the company's stock worth $329,000 after acquiring an additional 9,300 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Community Health Systems by 12.6% during the 4th quarter. Hsbc Holdings PLC now owns 104,411 shares of the company's stock valued at $312,000 after buying an additional 11,694 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Stock Up 2.1 %

Community Health Systems stock traded up $0.07 during midday trading on Thursday, reaching $3.35. The company's stock had a trading volume of 1,135,013 shares, compared to its average volume of 2,205,855. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The business has a 50-day simple moving average of $2.68 and a 200-day simple moving average of $3.26. The company has a market cap of $470.03 million, a P/E ratio of -0.86 and a beta of 1.99.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.07. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm posted ($0.14) EPS. Community Health Systems's quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts forecast that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CYH shares. StockNews.com upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Barclays cut their target price 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. UBS Group set a $3.50 price target on Community Health Systems in a research report on Friday, April 25th. Wells Fargo & Company reduced their target price 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. 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 investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $3.92.

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.