GSA Capital Partners LLP Decreases Stake in Community Health Systems, Inc. (NYSE:CYH)

GSA Capital Partners LLP lessened its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 46.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 225,766 shares of the company’s stock after selling 193,319 shares during the period. GSA Capital Partners LLP’s holdings in Community Health Systems were worth $1,370,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CYH. nVerses Capital LLC purchased a new stake in shares of Community Health Systems during the second quarter valued at $25,000. DekaBank Deutsche Girozentrale acquired a new stake in Community Health Systems during the 2nd quarter worth about $33,000. Signaturefd LLC purchased a new stake in Community Health Systems during the 3rd quarter valued at about $33,000. Canada Pension Plan Investment Board acquired a new position in shares of Community Health Systems in the second quarter valued at about $45,000. Finally, CWM LLC raised its stake in shares of Community Health Systems by 32.1% in the third 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 last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Price Performance

Community Health Systems stock opened at $4.06 on Thursday. The stock has a market capitalization of $564.14 million, a PE ratio of -1.34 and a beta of 1.60. The business has a 50 day simple moving average of $5.27 and a 200-day simple moving average of $4.47. Community Health Systems, Inc. has a 12 month low of $2.31 and a 12 month high of $6.29.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the company earned ($0.33) EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Community Health Systems, Inc. will post -0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group increased their price target on shares of Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Truist Financial cut their price target 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. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 target price on shares of Community Health Systems in a research note on Monday, August 12th. StockNews.com cut Community Health Systems from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price objective on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Community Health Systems presently has an average rating of “Hold” and a consensus price target of $5.18.

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.