Intech Investment Management LLC Takes Position in Community Health Systems, Inc. (NYSE:CYH)

Intech Investment Management LLC acquired a new stake in shares of Community Health Systems, Inc. (NYSE:CYH) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 34,029 shares of the company’s stock, valued at approximately $207,000.

Other large investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Community Health Systems by 522.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 264,198 shares of the company’s stock valued at $1,604,000 after acquiring an additional 221,759 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Community Health Systems during the 3rd quarter valued at about $94,000. Versor Investments LP bought a new stake in Community Health Systems during the 3rd quarter valued at about $186,000. Los Angeles Capital Management LLC raised its holdings in Community Health Systems by 301.3% in the third quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company’s stock worth $2,029,000 after buying an additional 250,909 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new position in shares of Community Health Systems in the third quarter worth approximately $610,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Up 3.3 %

Community Health Systems stock opened at $3.48 on Friday. Community Health Systems, Inc. has a 52-week low of $2.31 and a 52-week high of $6.29. The company has a market cap of $483.55 million, a P/E ratio of -1.15 and a beta of 1.55. The business has a 50-day simple moving average of $4.53 and a two-hundred day simple moving average of $4.49.

Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.30) EPS 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 analyst estimates of $3.08 billion. During the same period in the prior year, the company posted ($0.33) earnings per share. The company’s revenue was up .1% compared to the same quarter last year. Research analysts anticipate that Community Health Systems, Inc. will post -0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CYH. Wells Fargo & Company lowered shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $5.00 to $2.50 in a report on Monday, November 25th. StockNews.com cut Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price objective on shares of Community Health Systems in a research report on Monday, August 12th. Truist Financial decreased their target price on Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Finally, Raymond James downgraded shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Community Health Systems has an average rating of “Hold” and an average target price of $4.77.

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.