Tower Research Capital LLC TRC Has $27,000 Stake in Community Health Systems, Inc. (NYSE:CYH)

Tower Research Capital LLC TRC lifted its position in shares of Community Health Systems, Inc. (NYSE:CYH) by 250.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,023 shares of the company’s stock after purchasing an additional 6,445 shares during the period. Tower Research Capital LLC TRC’s holdings in Community Health Systems were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CYH. Cibc World Markets Corp acquired a new stake in shares of Community Health Systems during the 4th quarter worth $35,000. Virtu Financial LLC acquired a new stake in shares of Community Health Systems during the 4th quarter worth approximately $38,000. Canada Pension Plan Investment Board bought a new stake in shares of Community Health Systems during the fourth quarter valued at approximately $54,000. Apollon Wealth Management LLC bought a new stake in Community Health Systems during the fourth quarter worth $60,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Community Health Systems in the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Stock Performance

Shares of Community Health Systems stock opened at $4.32 on Friday. Community Health Systems, Inc. has a one year low of $2.24 and a one year high of $6.29. The stock has a market cap of $606.12 million, a price-to-earnings ratio of -1.11 and a beta of 1.99. The stock has a 50 day moving average price of $2.78 and a 200-day moving average price of $3.21.

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

Analyst Ratings Changes

CYH has been the topic of a number of recent research reports. UBS Group set a $3.50 price target on shares of Community Health Systems in a research note on Friday, April 25th. Barclays reduced their price target 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. Guggenheim assumed coverage on Community Health Systems in a report on Wednesday, April 9th. They set a “neutral” rating for the company. Truist Financial decreased their target price on shares of Community Health Systems from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Finally, Wells Fargo & Company lowered their price objective on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $3.92.

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.