Community Health Systems, Inc. (NYSE:CYH) Shares Sold by Walleye Capital LLC

Walleye Capital LLC lowered its position in shares of Community Health Systems, Inc. (NYSE:CYH) by 83.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,562 shares of the company’s stock after selling 89,448 shares during the quarter. Walleye Capital LLC’s holdings in Community Health Systems were worth $107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CYH. nVerses Capital LLC acquired a new stake in shares of Community Health Systems during the 2nd quarter worth approximately $25,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Community Health Systems during the 2nd quarter worth approximately $33,000. Signaturefd LLC acquired a new stake in shares of Community Health Systems during the 3rd quarter worth approximately $33,000. Canada Pension Plan Investment Board acquired a new stake in shares of Community Health Systems during the 2nd quarter worth approximately $45,000. Finally, CWM LLC raised 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 worth $74,000 after purchasing an additional 2,961 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays increased their price target on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Truist Financial lowered their target price on Community Health Systems from $5.50 to $5.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company cut Community Health Systems from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $5.00 to $2.50 in a research report on Monday, November 25th. Raymond James cut Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Finally, StockNews.com cut Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.77.

Community Health Systems Stock Performance

Shares of NYSE CYH opened at $3.46 on Friday. The stock has a fifty day moving average price of $4.35 and a two-hundred day moving average price of $4.48. The firm has a market cap of $480.07 million, a P/E ratio of -1.14 and a beta of 1.55. Community Health Systems, Inc. has a 1 year low of $2.31 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.08 billion. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.33) earnings per share. On average, research analysts predict that Community Health Systems, Inc. will post -0.55 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.