UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 40,460 Shares of Community Health Systems, Inc. (NYSE:CYH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Community Health Systems, Inc. (NYSE:CYH) by 12.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 289,564 shares of the company’s stock after selling 40,460 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Community Health Systems were worth $1,758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CYH. Mackenzie Financial Corp increased its stake in shares of Community Health Systems by 6.8% during the 2nd quarter. Mackenzie Financial Corp now owns 33,269 shares of the company’s stock worth $112,000 after purchasing an additional 2,106 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Community Health Systems by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 49,701 shares of the company’s stock valued at $167,000 after buying an additional 2,739 shares during the period. CWM LLC lifted its position in shares of Community Health Systems by 32.1% during the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after buying an additional 2,961 shares during the last quarter. Signaturefd LLC purchased a new stake in Community Health Systems in the 3rd quarter worth about $33,000. Finally, nVerses Capital LLC bought a new stake in Community Health Systems in the 2nd quarter valued at about $25,000. 84.99% of the stock is owned by institutional investors.

Community Health Systems Stock Performance

NYSE:CYH opened at $3.33 on Tuesday. The firm has a market capitalization of $462.70 million, a price-to-earnings ratio of -1.10 and a beta of 1.55. The stock has a fifty day moving average of $4.27 and a 200 day moving average of $4.49. Community Health Systems, Inc. has a 52-week low of $2.51 and a 52-week high of $6.29.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) earnings per share. Equities analysts forecast that Community Health Systems, Inc. will post -0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Truist Financial reduced their target price on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research note on Friday, October 25th. StockNews.com cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Raymond James lowered Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Wells Fargo & Company lowered Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $5.00 to $2.50 in a research note on Monday, November 25th. Finally, Barclays lifted their target price on Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.77.

About Community Health Systems

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.