Whitebox Advisors LLC Increases Holdings in Community Health Systems, Inc. (NYSE:CYH)

Whitebox Advisors LLC grew its holdings in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 57.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,300,111 shares of the company's stock after purchasing an additional 837,338 shares during the quarter. Whitebox Advisors LLC owned approximately 1.66% of Community Health Systems worth $6,877,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CYH. Vanguard Group Inc. grew its stake in Community Health Systems by 12.3% in the 4th quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company's stock valued at $33,490,000 after buying an additional 1,229,039 shares in the last quarter. Apollo Management Holdings L.P. raised its stake in shares of Community Health Systems by 20.5% during the 4th quarter. Apollo Management Holdings L.P. now owns 6,689,741 shares of the company's stock valued at $20,002,000 after purchasing an additional 1,138,596 shares during the period. Assenagon Asset Management S.A. lifted 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 worth $12,459,000 after purchasing an additional 2,550,678 shares in the last quarter. DG Capital Management LLC grew its holdings in Community Health Systems by 54.8% during the 4th quarter. DG Capital Management LLC now owns 3,502,511 shares of the company's stock valued at $10,473,000 after buying an additional 1,240,413 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Community Health Systems by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company's stock worth $8,402,000 after acquiring an additional 9,772 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Trading Up 2.5 %

CYH traded up $0.07 during trading on Friday, hitting $2.83. 2,626,150 shares of the company's stock traded hands, compared to its average volume of 2,172,639. Community Health Systems, Inc. has a 12-month low of $2.24 and a 12-month high of $6.29. The company's 50 day simple moving average is $2.70 and its two-hundred day simple moving average is $3.30. The stock has a market capitalization of $397.06 million, a price-to-earnings ratio of -0.73 and a beta of 1.72.

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

Analyst Ratings Changes

A number of research firms have weighed in on CYH. Guggenheim began coverage on Community Health Systems in a research report on Wednesday, April 9th. They set a "neutral" rating on the stock. Barclays dropped their target price on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, February 20th. 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 lowered their price objective on shares of 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, StockNews.com raised Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued 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 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.