Voleon Capital Management LP Buys New Position in Community Health Systems, Inc. (NYSE:CYH)

Voleon Capital Management LP acquired a new position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 701,056 shares of the company's stock, valued at approximately $2,096,000. Voleon Capital Management LP owned approximately 0.50% of Community Health Systems as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CYH. Barclays PLC raised its position in Community Health Systems by 1,278.2% during the third quarter. Barclays PLC now owns 707,805 shares of the company's stock worth $4,296,000 after acquiring an additional 656,447 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Community Health Systems by 4.1% in the third quarter. Franklin Resources Inc. now owns 75,520 shares of the company's stock worth $422,000 after purchasing an additional 2,989 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Community Health Systems by 157.8% in 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. SG Americas Securities LLC raised its holdings in shares of Community Health Systems by 166.7% during the 4th quarter. SG Americas Securities LLC now owns 59,529 shares of the company's stock worth $178,000 after buying an additional 37,211 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Community Health Systems by 93.1% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company's stock valued at $148,000 after purchasing an additional 23,902 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

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

Community Health Systems Trading Up 0.2 %

Shares of CYH stock traded up $0.01 on Tuesday, hitting $2.85. 221,545 shares of the stock were exchanged, compared to its average volume of 2,164,511. The firm has a market capitalization of $399.17 million, a PE ratio of -0.73 and a beta of 1.99. Community Health Systems, Inc. has a one year low of $2.24 and a one year high of $6.29. The firm's 50 day moving average is $2.68 and its two-hundred day moving average is $3.26.

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

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.