Cibc World Markets Corp Invests $35,000 in Community Health Systems, Inc. (NYSE:CYH)

Cibc World Markets Corp bought a new position in shares of Community Health Systems, Inc. (NYSE:CYH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,748 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in shares of Community Health Systems by 157.8% during the fourth 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. New York State Common Retirement Fund increased its holdings in shares of Community Health Systems by 19.1% in the 4th quarter. New York State Common Retirement Fund now owns 1,735,544 shares of the company’s stock worth $5,189,000 after buying an additional 277,827 shares during the last quarter. Royce & Associates LP raised its position in shares of Community Health Systems by 4.5% during the 4th quarter. Royce & Associates LP now owns 1,371,342 shares of the company’s stock valued at $4,100,000 after buying an additional 59,430 shares in the last quarter. Barclays PLC grew its position in Community Health Systems by 1,278.2% in the third quarter. Barclays PLC now owns 707,805 shares of the company’s stock worth $4,296,000 after acquiring an additional 656,447 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its position in Community Health Systems by 142.1% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 443,013 shares of the company’s stock valued at $1,325,000 after purchasing an additional 260,000 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Price Performance

NYSE CYH opened at $2.70 on Friday. The business’s 50-day moving average is $3.15 and its 200 day moving average is $3.89. The stock has a market capitalization of $378.36 million, a PE ratio of -0.69 and a beta of 1.81. Community Health Systems, Inc. has a 1 year low of $2.53 and a 1 year high of $6.29.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on CYH shares. StockNews.com upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Wells Fargo & Company decreased their price target on shares of Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. UBS Group reduced their target price on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Truist Financial lowered their price target on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.10.

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.