Raymond James & Associates Raises Stock Position in Community Health Systems, Inc. (NYSE:CYH)

Raymond James & Associates boosted its holdings in Community Health Systems, Inc. (NYSE:CYH) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 132,423 shares of the company’s stock after buying an additional 4,680 shares during the period. Raymond James & Associates owned 0.10% of Community Health Systems worth $414,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CYH. Jump Financial LLC purchased a new stake in Community Health Systems in the 3rd quarter worth $30,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Community Health Systems during the third quarter valued at about $38,000. Convergence Investment Partners LLC purchased a new position in shares of Community Health Systems during the third quarter valued at about $44,000. Algert Global LLC purchased a new position in shares of Community Health Systems during the third quarter valued at about $69,000. Finally, Aigen Investment Management LP grew its position in shares of Community Health Systems by 35.5% during the third quarter. Aigen Investment Management LP now owns 34,564 shares of the company’s stock valued at $100,000 after purchasing an additional 9,062 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Trading Up 4.3 %

Shares of NYSE:CYH opened at $3.39 on Friday. The company has a market cap of $471.14 million, a price-to-earnings ratio of -3.57 and a beta of 1.52. Community Health Systems, Inc. has a 12 month low of $2.01 and a 12 month high of $6.53. The company has a 50-day moving average price of $3.06 and a 200 day moving average price of $3.06.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, April 24th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.05. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. Community Health Systems had a negative net margin of 0.99% and a negative return on equity of 5.51%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.43) earnings per share. As a group, equities analysts forecast that Community Health Systems, Inc. will post -0.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CYH shares. StockNews.com upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Truist Financial raised their price objective on Community Health Systems from $3.25 to $3.75 and gave the company a “hold” rating in a research report on Friday. Barclays began coverage on shares of Community Health Systems in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $3.00 price target for the company. Finally, Oppenheimer lowered their price target on shares of Community Health Systems from $5.50 to $4.50 and set an “outperform” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.05.

Community Health Systems 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.