Whitebox Advisors LLC Purchases 837,338 Shares of Community Health Systems, Inc. (NYSE:CYH)

Whitebox Advisors LLC grew its stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 57.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,300,111 shares of the company's stock after buying an additional 837,338 shares during the period. Whitebox Advisors LLC owned 1.66% of Community Health Systems worth $6,877,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC increased 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 purchasing an additional 656,447 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Community Health Systems by 4.1% during the third quarter. Franklin Resources Inc. now owns 75,520 shares of the company's stock valued at $422,000 after purchasing an additional 2,989 shares during the period. Assenagon Asset Management S.A. lifted its holdings in 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 worth $12,459,000 after buying an additional 2,550,678 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Community Health Systems by 166.7% during the fourth 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 lifted its position in shares of Community Health Systems by 93.1% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company's stock worth $148,000 after buying an additional 23,902 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CYH shares. Guggenheim began coverage on Community Health Systems in a research report on Wednesday, April 9th. They issued a "neutral" rating on the stock. UBS Group set a $3.50 target price on shares of Community Health Systems in a research note on Friday, April 25th. Truist Financial cut their price target 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. StockNews.com raised Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company reduced their target price 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. Two research 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's stock. According to data from MarketBeat, Community Health Systems currently has an average rating of "Hold" and a consensus price target of $3.92.

Community Health Systems Price Performance

Community Health Systems stock traded down $0.04 during trading hours on Tuesday, hitting $2.81. The company had a trading volume of 580,290 shares, compared to its average volume of 2,165,636. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The firm has a market capitalization of $393.56 million, a P/E ratio of -0.72 and a beta of 1.99. The firm's fifty day moving average is $2.68 and its 200-day moving average is $3.26.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.07. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) EPS. Analysts anticipate 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.