Susquehanna Fundamental Investments LLC Increases Stock Holdings in Community Health Systems, Inc. (NYSE:CYH)

Susquehanna Fundamental Investments LLC increased its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 13.7% in the second quarter, HoldingsChannel reports. The firm owned 367,593 shares of the company’s stock after buying an additional 44,181 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Community Health Systems were worth $1,235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in Community Health Systems during the 2nd quarter worth about $25,000. DekaBank Deutsche Girozentrale purchased a new stake in Community Health Systems during the 2nd quarter worth about $33,000. Eagle Asset Management Inc. purchased a new stake in Community Health Systems during the 4th quarter worth about $40,000. Canada Pension Plan Investment Board acquired a new stake in Community Health Systems in the 2nd quarter worth about $45,000. Finally, BOS Asset Management LLC acquired a new stake in Community Health Systems in the 1st quarter worth about $80,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Performance

Community Health Systems stock opened at $5.92 on Wednesday. The stock’s 50 day moving average price is $5.34 and its 200 day moving average price is $4.09. The firm has a market capitalization of $822.68 million, a PE ratio of -6.23 and a beta of 1.56. Community Health Systems, Inc. has a one year low of $2.01 and a one year high of $6.29.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the company earned ($0.22) EPS. The firm’s revenue was up .8% compared to the same quarter last year. On average, analysts forecast that Community Health Systems, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group raised their price target on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Wells Fargo & Company lifted their price objective on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Truist Financial lifted their price objective on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a research note on Monday, July 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of Community Health Systems in a research note on Monday, August 12th. Finally, Oppenheimer boosted their price target on Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Community Health Systems has an average rating of “Hold” and a consensus price target of $4.73.

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.