Geode Capital Management LLC Boosts Stock Position in Community Health Systems, Inc. (NYSE:CYH)

Geode Capital Management LLC raised its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,809,230 shares of the company’s stock after purchasing an additional 9,772 shares during the quarter. Geode Capital Management LLC owned 2.02% of Community Health Systems worth $8,402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Cibc World Markets Corp bought a new stake in Community Health Systems in the fourth quarter worth $35,000. Virtu Financial LLC bought a new stake in shares of Community Health Systems in the 4th quarter worth about $38,000. Apollon Wealth Management LLC purchased a new position in shares of Community Health Systems during the 4th quarter worth about $60,000. KLP Kapitalforvaltning AS purchased a new stake in Community Health Systems in the 4th quarter worth about $62,000. Finally, AXQ Capital LP bought a new stake in Community Health Systems in the fourth quarter worth about $63,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Guggenheim began coverage on Community Health Systems in a report on Wednesday, April 9th. They issued a “neutral” rating on the stock. Barclays decreased their target price 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. UBS Group cut their price target on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a report on Thursday, February 20th. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Truist Financial dropped their target price on shares of Community Health Systems from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.02.

Community Health Systems Stock Performance

Shares of CYH opened at $2.41 on Thursday. The stock has a market capitalization of $337.99 million, a PE ratio of -0.62 and a beta of 1.72. The company has a 50 day moving average price of $2.82 and a 200-day moving average price of $3.44. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29.

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

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.