Dupont Capital Management Corp purchased a new position in Community Health Systems, Inc. (NYSE:CYH – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,041 shares of the company’s stock, valued at approximately $220,000.
Other large investors have also bought and sold shares of the company. Teza Capital Management LLC acquired a new stake in Community Health Systems in the third quarter worth $27,000. Vantage Consulting Group Inc grew its holdings in Community Health Systems by 66.1% in the third quarter. Vantage Consulting Group Inc now owns 18,484 shares of the company’s stock worth $40,000 after purchasing an additional 7,353 shares during the period. Ellis Investment Partners LLC grew its holdings in Community Health Systems by 104.3% in the third quarter. Ellis Investment Partners LLC now owns 18,800 shares of the company’s stock worth $40,000 after purchasing an additional 9,600 shares during the period. Pathstone Family Office LLC acquired a new position in shares of Community Health Systems during the third quarter valued at about $42,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Community Health Systems during the fourth quarter valued at about $43,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on CYH. Truist Financial lifted their price objective on shares of Community Health Systems from $4.75 to $8.00 in a report on Friday, February 17th. Oppenheimer lifted their price objective on shares of Community Health Systems from $5.00 to $5.50 and gave the company an “outperform” rating in a report on Thursday, January 19th. Credit Suisse Group raised their price target on shares of Community Health Systems from $3.30 to $8.50 and gave the company a “neutral” rating in a research report on Friday, February 17th. Wells Fargo & Company raised their price target on shares of Community Health Systems from $3.00 to $4.50 and gave the company an “equal weight” rating in a research report on Tuesday, January 3rd. Finally, StockNews.com began coverage on shares of Community Health Systems in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.14.
Community Health Systems Stock Performance
Shares of CYH stock opened at $5.20 on Wednesday. The firm has a market cap of $711.10 million, a price-to-earnings ratio of 15.76 and a beta of 1.65. Community Health Systems, Inc. has a 52 week low of $1.88 and a 52 week high of $12.12. The firm’s 50-day simple moving average is $5.51 and its two-hundred day simple moving average is $4.16.
Community Health Systems (NYSE:CYH – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $0.41 by $1.09. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.16 billion. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 EPS. Analysts forecast that Community Health Systems, Inc. will post -0.63 earnings per share for the current year.
About Community Health Systems
Community Health Systems, Inc engages in the provision of general and specialized healthcare services and outpatient services. The company was founded in March 1985 and is headquartered in Franklin, TN.
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