Voleon Capital Management LP Takes $2.10 Million Position in Community Health Systems, Inc. (NYSE:CYH)

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

Several other large investors also recently modified their holdings of CYH. Tower Research Capital LLC TRC grew its stake in Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock valued at $27,000 after purchasing an additional 6,445 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Community Health Systems during the fourth quarter worth approximately $33,000. Cibc World Markets Corp bought a new stake in shares of Community Health Systems in the fourth quarter worth $35,000. Virtu Financial LLC acquired a new stake in Community Health Systems in the fourth quarter valued at $38,000. Finally, Canada Pension Plan Investment Board acquired a new position in Community Health Systems during the 4th quarter worth $54,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Stock Performance

Shares of Community Health Systems stock traded up $0.07 during trading on Friday, hitting $2.83. 2,626,150 shares of the stock traded hands, compared to its average volume of 2,172,639. Community Health Systems, Inc. has a twelve month low of $2.24 and a twelve month high of $6.29. The company has a fifty day moving average price of $2.70 and a two-hundred day moving average price of $3.30. The stock has a market cap of $397.06 million, a P/E ratio of -0.73 and a beta of 1.72.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. The company's revenue was up .6% on a year-over-year basis. On average, equities research analysts expect that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on CYH. Truist Financial reduced 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 research report on Friday, April 11th. Wells Fargo & Company decreased their target price 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. StockNews.com raised Community Health Systems from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. UBS Group set a $3.50 price objective on shares of Community Health Systems in a report on Friday, April 25th. Finally, Barclays reduced 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 research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Community Health Systems currently has an average rating of "Hold" and an average 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.