Intech Investment Management LLC Boosts Holdings in Community Health Systems, Inc. (NYSE:CYH)

Intech Investment Management LLC lifted its position in Community Health Systems, Inc. (NYSE:CYH) by 74.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,303 shares of the company’s stock after purchasing an additional 25,274 shares during the quarter. Intech Investment Management LLC’s holdings in Community Health Systems were worth $177,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CYH. Cibc World Markets Corp purchased a new stake in shares of Community Health Systems in the 4th quarter valued at about $35,000. Apollon Wealth Management LLC bought a new position in shares of Community Health Systems in the fourth quarter worth approximately $60,000. Raymond James Financial Inc. purchased a new stake in Community Health Systems in the fourth quarter valued at approximately $104,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Community Health Systems by 93.1% during the fourth 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. Finally, SG Americas Securities LLC increased its holdings in shares of Community Health Systems by 166.7% in 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 during the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CYH. Wells Fargo & Company dropped 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. StockNews.com upgraded Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Barclays decreased their price objective on 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. Truist Financial reduced their price target on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, UBS Group cut their price objective on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.10.

Community Health Systems Stock Up 0.2 %

NYSE:CYH opened at $2.78 on Friday. The firm has a market capitalization of $389.59 million, a P/E ratio of -0.71 and a beta of 1.81. The company has a fifty day moving average of $3.15 and a 200 day moving average of $3.91. Community Health Systems, Inc. has a 52 week low of $2.53 and a 52 week high of $6.29.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.51). The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.14 billion. As a group, analysts anticipate that Community Health Systems, Inc. will post -0.29 EPS 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.