Susquehanna Fundamental Investments LLC Raises Stock Position in Community Health Systems, Inc. (NYSE:CYH)

Susquehanna Fundamental Investments LLC grew its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 13.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 367,593 shares of the company’s stock after purchasing an additional 44,181 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.26% of Community Health Systems worth $1,235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CYH. Assenagon Asset Management S.A. purchased a new stake in Community Health Systems during the second quarter worth about $5,121,000. Apollo Management Holdings L.P. purchased a new stake in shares of Community Health Systems during the first quarter worth approximately $5,149,000. Bank of Montreal Can purchased a new stake in shares of Community Health Systems during the second quarter worth approximately $3,692,000. Whitebox Advisors LLC increased its stake in shares of Community Health Systems by 43.3% during the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock worth $10,150,000 after buying an additional 913,542 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Community Health Systems by 51.0% during the second quarter. Marshall Wace LLP now owns 942,303 shares of the company’s stock worth $3,166,000 after buying an additional 318,333 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Trading Down 2.5 %

CYH stock opened at $5.92 on Wednesday. The company has a market capitalization of $822.68 million, a P/E ratio of -6.23 and a beta of 1.56. Community Health Systems, Inc. has a twelve month low of $2.01 and a twelve month high of $6.29. The business has a 50 day simple moving average of $5.34 and a 200-day simple moving average of $4.09.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.10 billion. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.22) earnings per share. Research analysts predict that Community Health Systems, Inc. will post -0.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Truist Financial increased their price target on shares of 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 reiterated an “outperform” rating and issued a $6.00 price target on shares of Community Health Systems in a research note on Monday, August 12th. Oppenheimer increased their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company increased their price target on shares of 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. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.73.

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.