Community Health Systems, Inc. (NYSE:CYH) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL reduced its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 96.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,176 shares of the company's stock after selling 468,910 shares during the period. Tudor Investment Corp ET AL's holdings in Community Health Systems were worth $51,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Community Health Systems by 250.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock valued at $27,000 after buying an additional 6,445 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of Community Health Systems during the fourth quarter worth about $33,000. Cibc World Markets Corp purchased a new position in shares of Community Health Systems during the fourth quarter worth about $35,000. Virtu Financial LLC purchased a new position in shares of Community Health Systems during the fourth quarter worth about $38,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Community Health Systems during the fourth quarter worth about $54,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Stock Performance

Community Health Systems stock traded down $0.01 during trading on Friday, reaching $4.29. 872,699 shares of the company's stock were exchanged, compared to its average volume of 2,821,632. The company's 50-day moving average is $2.78 and its two-hundred day moving average is $3.21. Community Health Systems, Inc. has a 52-week low of $2.24 and a 52-week high of $6.29. The firm has a market cap of $601.21 million, a price-to-earnings ratio of -1.10 and a beta of 1.99.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group set a $3.50 price objective on Community Health Systems in a report on Friday, April 25th. Guggenheim assumed coverage on Community Health Systems in a report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Truist Financial lowered their price objective on Community Health Systems from $4.00 to $3.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Barclays lowered 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. Finally, StockNews.com raised Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Two research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $3.92.

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.