Community Health Systems, Inc. (NYSE:CYH) Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC grew its holdings in Community Health Systems, Inc. (NYSE:CYH) by 109.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,445 shares of the company’s stock after buying an additional 53,986 shares during the quarter. Counterpoint Mutual Funds LLC owned about 0.07% of Community Health Systems worth $309,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CYH. Assenagon Asset Management S.A. raised its holdings in Community Health Systems by 157.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock worth $12,459,000 after purchasing an additional 2,550,678 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Community Health Systems by 19.1% during the fourth quarter. New York State Common Retirement Fund now owns 1,735,544 shares of the company’s stock worth $5,189,000 after purchasing an additional 277,827 shares during the last quarter. Royce & Associates LP raised its holdings in Community Health Systems by 4.5% during the fourth quarter. Royce & Associates LP now owns 1,371,342 shares of the company’s stock worth $4,100,000 after purchasing an additional 59,430 shares during the last quarter. Barclays PLC increased its position in Community Health Systems by 1,278.2% during the third quarter. Barclays PLC now owns 707,805 shares of the company’s stock worth $4,296,000 after buying an additional 656,447 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. increased its position in Community Health Systems by 142.1% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 443,013 shares of the company’s stock worth $1,325,000 after buying an additional 260,000 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Trading Down 2.6 %

CYH stock opened at $2.79 on Wednesday. The stock has a 50-day moving average price of $3.19 and a two-hundred day moving average price of $4.02. Community Health Systems, Inc. has a 12-month low of $2.53 and a 12-month high of $6.29. The company has a market cap of $386.90 million, a PE ratio of -0.71 and a beta of 1.81.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Equities analysts forecast that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CYH. Truist Financial dropped their price target on Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company dropped their price target on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating for the company in a research report on Monday, March 10th. Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. UBS Group dropped their price target on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, 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 report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.10.

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.