Vanguard Group Inc. Increases Stake in Community Health Systems, Inc. (NYSE:CYH)

Vanguard Group Inc. raised its stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,200,657 shares of the company's stock after purchasing an additional 1,229,039 shares during the period. Vanguard Group Inc. owned 8.06% of Community Health Systems worth $33,490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in CYH. Assenagon Asset Management S.A. grew its holdings in Community Health Systems by 157.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company's stock valued at $12,459,000 after buying an additional 2,550,678 shares in the last quarter. Barclays PLC grew its holdings in shares of Community Health Systems by 1,278.2% in the third quarter. Barclays PLC now owns 707,805 shares of the company's stock valued at $4,296,000 after purchasing an additional 656,447 shares in the last quarter. Rhumbline Advisers increased its position in Community Health Systems by 2.4% in the fourth quarter. Rhumbline Advisers now owns 201,436 shares of the company's stock worth $602,000 after purchasing an additional 4,654 shares during the last quarter. New York State Common Retirement Fund lifted its position in Community Health Systems by 19.1% during the fourth quarter. New York State Common Retirement Fund now owns 1,735,544 shares of the company's stock valued at $5,189,000 after purchasing an additional 277,827 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Community Health Systems in the 4th quarter worth $38,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CYH. StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Wells Fargo & Company lowered their price target on Community Health Systems from $2.50 to $2.00 and set an "underweight" rating for the company in a research report on Monday, March 10th. Truist Financial dropped their price target on shares of Community Health Systems from $4.00 to $3.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Guggenheim began coverage on Community Health Systems in a research note on Wednesday, April 9th. They set a "neutral" rating on the stock. Finally, UBS Group reduced their target price 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. Two research 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. According to data from MarketBeat.com, Community Health Systems has a consensus rating of "Hold" and an average target price of $4.02.

Community Health Systems Price Performance

Shares of NYSE:CYH traded down $0.11 during trading hours on Friday, hitting $2.41. The company's stock had a trading volume of 2,620,565 shares, compared to its average volume of 2,103,876. The company has a market capitalization of $337.71 million, a price-to-earnings ratio of -0.62 and a beta of 1.72. Community Health Systems, Inc. has a 52 week low of $2.24 and a 52 week high of $6.29. The firm's fifty day moving average price is $2.87 and its 200 day moving average price is $3.51.

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