37,938 Shares in Community Health Systems, Inc. (NYSE:CYH) Acquired by Sei Investments Co.

Sei Investments Co. bought a new position in shares of Community Health Systems, Inc. (NYSE:CYH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,938 shares of the company’s stock, valued at approximately $127,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CYH. Assenagon Asset Management S.A. purchased a new position in Community Health Systems in the 2nd quarter worth approximately $5,121,000. Apollo Management Holdings L.P. purchased a new position in Community Health Systems in the 1st quarter worth approximately $5,149,000. Susquehanna Fundamental Investments LLC purchased a new position in Community Health Systems in the 1st quarter worth approximately $1,132,000. Renaissance Technologies LLC boosted its holdings in Community Health Systems by 111.8% in the 2nd quarter. Renaissance Technologies LLC now owns 537,093 shares of the company’s stock worth $1,805,000 after acquiring an additional 283,500 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Community Health Systems in the 2nd quarter worth approximately $871,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CYH shares. Royal Bank of Canada restated an “outperform” rating and set a $6.00 price objective on shares of Community Health Systems in a research note on Monday, August 12th. Oppenheimer raised their price objective on Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. UBS Group raised their price objective 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. Truist Financial increased their target price on Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a research report on Monday, July 15th. Finally, Wells Fargo & Company increased their target price on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.73.

Community Health Systems Price Performance

CYH opened at $5.43 on Friday. Community Health Systems, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $6.29. The business has a 50-day moving average of $5.41 and a 200-day moving average of $4.20. The company has a market capitalization of $754.44 million, a PE ratio of -7.14 and a beta of 1.55.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned ($0.22) earnings per share. Community Health Systems’s quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts expect that Community Health Systems, Inc. will post -0.41 earnings per share 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.