Community Health Systems, Inc. (NYSE:CYH) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,070 shares of the company’s stock after selling 13,496 shares during the period. Hsbc Holdings PLC owned about 0.07% of Community Health Systems worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CYH. nVerses Capital LLC purchased a new stake in shares of Community Health Systems during the second quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Community Health Systems during the second quarter valued at approximately $33,000. Eagle Asset Management Inc. purchased a new stake in shares of Community Health Systems during the fourth quarter valued at approximately $40,000. BOS Asset Management LLC purchased a new stake in shares of Community Health Systems during the first quarter valued at approximately $80,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Community Health Systems by 412.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 24,702 shares of the company’s stock valued at $83,000 after purchasing an additional 19,886 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Community Health Systems Price Performance

CYH stock opened at $5.83 on Thursday. Community Health Systems, Inc. has a 1-year low of $2.01 and a 1-year high of $6.29. The firm has a fifty day moving average price of $5.37 and a two-hundred day moving average price of $4.10. The firm has a market cap of $810.17 million, a price-to-earnings ratio of -6.14 and a beta of 1.56.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the firm posted ($0.22) EPS. Community Health Systems’s revenue was up .8% compared to the same quarter last year. As a group, analysts expect that Community Health Systems, Inc. will post -0.42 EPS for the current fiscal year.

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.