Community Health Systems, Inc. (NYSE:CYH) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lowered its holdings in Community Health Systems, Inc. (NYSE:CYH) by 73.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,980 shares of the company’s stock after selling 87,263 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Community Health Systems were worth $107,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Whitebox Advisors LLC grew its holdings in Community Health Systems by 43.3% in the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock valued at $10,150,000 after purchasing an additional 913,542 shares during the period. Marshall Wace LLP grew its stake in shares of Community Health Systems by 51.0% during the 2nd quarter. Marshall Wace LLP now owns 942,303 shares of the company’s stock valued at $3,166,000 after buying an additional 318,333 shares during the period. Bank of Montreal Can purchased a new position in shares of Community Health Systems in the 2nd quarter worth $3,692,000. Lombard Odier Asset Management USA Corp boosted its holdings in Community Health Systems by 8.8% in the second quarter. Lombard Odier Asset Management USA Corp now owns 124,000 shares of the company’s stock valued at $417,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in Community Health Systems during the second quarter valued at about $789,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Price Performance

Shares of CYH stock opened at $6.01 on Friday. The company’s fifty day moving average price is $5.26 and its two-hundred day moving average price is $4.04. The firm has a market capitalization of $835.19 million, a P/E ratio of -6.33 and a beta of 1.56. Community Health Systems, Inc. has a 12 month low of $2.01 and a 12 month high of $6.29.

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

Wall Street Analysts Forecast Growth

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