Community Health Systems, Inc. (NYSE:CYH) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,181 shares of the company’s stock after selling 23,875 shares during the period. Sei Investments Co. owned about 0.11% of Community Health Systems worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CYH. Cibc World Markets Corp purchased a new position in Community Health Systems during the fourth quarter worth $35,000. Virtu Financial LLC purchased a new position in Community Health Systems in the 4th quarter valued at about $38,000. Apollon Wealth Management LLC acquired a new stake in shares of Community Health Systems during the 4th quarter worth about $60,000. Raymond James Financial Inc. purchased a new stake in shares of Community Health Systems during the fourth quarter worth about $104,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Community Health Systems by 93.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company’s stock valued at $148,000 after buying an additional 23,902 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Trading Up 8.3 %

Shares of NYSE:CYH opened at $2.62 on Thursday. Community Health Systems, Inc. has a 1-year low of $2.24 and a 1-year high of $6.29. The firm has a market capitalization of $367.59 million, a PE ratio of -0.67 and a beta of 1.72. The business’s 50 day moving average is $2.99 and its 200-day moving average is $3.67.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.51). The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.14 billion. On average, sell-side analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on CYH. Wells Fargo & Company dropped their target price on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating for the company in a research note on Monday, March 10th. UBS Group cut their target price on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Guggenheim started coverage on shares of Community Health Systems in a research report on Wednesday. They set a “neutral” rating for the company. Barclays decreased their price objective on shares of 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. Finally, Truist Financial cut 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Community Health Systems currently has an average rating of “Hold” and a consensus price target of $4.10.

Community Health Systems Company 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.