Citigroup Inc. grew its position in Community Health Systems, Inc. (NYSE:CYH – Get Rating) by 46.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,758 shares of the company’s stock after purchasing an additional 27,475 shares during the quarter. Citigroup Inc. owned about 0.06% of Community Health Systems worth $375,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. UBS Group AG lifted its stake in shares of Community Health Systems by 276.5% during the fourth quarter. UBS Group AG now owns 144,346 shares of the company’s stock worth $624,000 after buying an additional 106,002 shares during the period. Thoroughbred Financial Services LLC acquired a new stake in shares of Community Health Systems during the fourth quarter worth $123,000. LPL Financial LLC lifted its position in Community Health Systems by 22.7% during the fourth quarter. LPL Financial LLC now owns 173,004 shares of the company’s stock valued at $747,000 after purchasing an additional 31,970 shares during the period. ProShare Advisors LLC lifted its position in Community Health Systems by 14.8% during the fourth quarter. ProShare Advisors LLC now owns 19,745 shares of the company’s stock valued at $85,000 after purchasing an additional 2,548 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Community Health Systems by 35.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,034 shares of the company’s stock valued at $74,000 after purchasing an additional 4,431 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.
Community Health Systems Stock Performance
Shares of CYH stock opened at $3.84 on Wednesday. The firm’s 50 day moving average price is $4.35 and its 200-day moving average price is $4.61. Community Health Systems, Inc. has a one year low of $1.88 and a one year high of $8.01. The firm has a market cap of $525.08 million, a P/E ratio of -64.00 and a beta of 1.67.
Community Health Systems (NYSE:CYH – Get Rating) last released its earnings results on Monday, May 1st. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.21). The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.09 billion. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. As a group, research analysts predict that Community Health Systems, Inc. will post -0.73 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have weighed in on CYH. Royal Bank of Canada decreased their price objective on shares of Community Health Systems from $11.00 to $7.00 in a research report on Wednesday, May 3rd. StockNews.com began coverage on shares of Community Health Systems in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Credit Suisse Group boosted their target price on shares of Community Health Systems from $3.30 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, February 17th. Finally, Truist Financial boosted their target price on shares of Community Health Systems from $4.75 to $8.00 in a research note on Friday, February 17th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.25.
Community Health Systems Company Profile
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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