Quantbot Technologies LP Buys Shares of 85,849 Community Health Systems, Inc. (NYSE:CYH)

Quantbot Technologies LP acquired a new stake in Community Health Systems, Inc. (NYSE:CYH) in the fourth quarter, Holdings Channel.com reports. The fund acquired 85,849 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC increased its stake in Community Health Systems by 74.3% during the fourth quarter. Intech Investment Management LLC now owns 59,303 shares of the company’s stock worth $177,000 after purchasing an additional 25,274 shares during the period. Counterpoint Mutual Funds LLC increased its stake in Community Health Systems by 109.2% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 103,445 shares of the company’s stock worth $309,000 after buying an additional 53,986 shares during the period. Cibc World Markets Corp purchased a new position in Community Health Systems in the 4th quarter valued at approximately $35,000. Royce & Associates LP grew its stake in shares of Community Health Systems by 4.5% in the fourth quarter. Royce & Associates LP now owns 1,371,342 shares of the company’s stock worth $4,100,000 after acquiring an additional 59,430 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its stake in shares of Community Health Systems by 142.1% in 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 acquiring an additional 260,000 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial cut their price target on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company decreased their price target on shares of Community Health Systems from $2.50 to $2.00 and set an “underweight” rating for the company in a research note on Monday, March 10th. UBS Group dropped their price objective on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Barclays lowered their price objective 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Community Health Systems currently has a consensus rating of “Hold” and a consensus target price of $4.10.

Community Health Systems Stock Down 3.1 %

NYSE CYH opened at $2.70 on Friday. The firm has a market cap of $378.36 million, a P/E ratio of -0.69 and a beta of 1.81. Community Health Systems, Inc. has a 52-week low of $2.53 and a 52-week high of $6.29. The business’s 50-day moving average price is $3.15 and its 200 day moving average price is $3.88.

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

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.