Susquehanna Fundamental Investments LLC increased its stake in shares of Community Health Systems, Inc. (NYSE:CYH – Free Report) 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.
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.
Check Out Our Latest Research Report on Community Health Systems
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.
See Also
- Five stocks we like better than Community Health Systems
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Why Lennar Stock Could Be the Best Play in the Housing Market
- What Are Dividend Challengers?
- 2 Energy Stocks Fueling the AI Datacenter Boom
- Short Selling: How to Short a Stock
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Want to see what other hedge funds are holding CYH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Community Health Systems, Inc. (NYSE:CYH – Free Report).
Receive News & Ratings for Community Health Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems and related companies with MarketBeat.com's FREE daily email newsletter.