Price T Rowe Associates Inc. MD Has $329,000 Holdings in Community Health Systems, Inc. (NYSE:CYH)

Price T Rowe Associates Inc. MD lifted its holdings in Community Health Systems, Inc. (NYSE:CYH) by 9.2% in the 4th quarter, Holdings Channel reports. The firm owned 109,987 shares of the company’s stock after buying an additional 9,300 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Community Health Systems were worth $329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CYH. Assenagon Asset Management S.A. boosted its position in Community Health Systems by 157.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock valued at $12,459,000 after buying an additional 2,550,678 shares in the last quarter. Helix Partners Management LP acquired a new position in Community Health Systems in the fourth quarter valued at about $4,923,000. Columbus Hill Capital Management L.P. acquired a new position in Community Health Systems in the fourth quarter valued at about $3,887,000. Renaissance Technologies LLC boosted its position in Community Health Systems by 913.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company’s stock valued at $4,247,000 after buying an additional 1,280,300 shares in the last quarter. Finally, DG Capital Management LLC boosted its position in Community Health Systems by 54.8% in the fourth quarter. DG Capital Management LLC now owns 3,502,511 shares of the company’s stock valued at $10,473,000 after buying an additional 1,240,413 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Stock Up 10.2%

NYSE CYH opened at $4.32 on Friday. The company has a market capitalization of $606.12 million, a P/E ratio of -1.11 and a beta of 1.99. Community Health Systems, Inc. has a 12-month low of $2.24 and a 12-month high of $6.29. The firm has a 50-day moving average price of $2.78 and a two-hundred day moving average price of $3.21.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.07. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the company posted ($0.14) EPS. The business’s revenue was up .6% on a year-over-year basis. Equities analysts expect that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Analyst Ratings Changes

CYH has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Barclays reduced their target price on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. Truist Financial reduced their target price on shares of Community Health Systems from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Guggenheim started coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They set a “neutral” rating on the stock. Finally, UBS Group set a $3.50 target price on shares of Community Health Systems in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.92.

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.