Columbus Hill Capital Management L.P. Invests $3.89 Million in Community Health Systems, Inc. (NYSE:CYH)

Columbus Hill Capital Management L.P. acquired a new position in shares of Community Health Systems, Inc. (NYSE:CYH) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,300,000 shares of the company’s stock, valued at approximately $3,887,000. Community Health Systems makes up approximately 0.8% of Columbus Hill Capital Management L.P.’s holdings, making the stock its 22nd largest position. Columbus Hill Capital Management L.P. owned approximately 0.94% of Community Health Systems at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CYH. Cibc World Markets Corp acquired a new position in Community Health Systems during the fourth quarter valued at approximately $35,000. Virtu Financial LLC bought a new position in Community Health Systems in the fourth quarter valued at about $38,000. Apollon Wealth Management LLC acquired a new position in Community Health Systems during the fourth quarter worth about $60,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $62,000. Finally, AXQ Capital LP bought a new stake in shares of Community Health Systems during the 4th quarter valued at approximately $63,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Stock Down 3.4 %

Shares of NYSE CYH opened at $2.45 on Friday. The company has a market capitalization of $343.26 million, a PE ratio of -0.63 and a beta of 1.72. The firm has a fifty day simple moving average of $3.07 and a 200 day simple moving average of $3.77. Community Health Systems, Inc. has a twelve month low of $2.35 and a twelve month high of $6.29.

Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.51). The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.14 billion. As a group, equities analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CYH shares. Truist Financial decreased their target price on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company lowered their target price on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Monday, March 10th. Barclays lowered their price objective on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, UBS Group dropped their price target on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, four have issued 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 $4.10.

Community Health Systems 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.