BNP Paribas Financial Markets Sells 989,538 Shares of Community Health Systems, Inc. (NYSE:CYH)

BNP Paribas Financial Markets decreased its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 98.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 15,224 shares of the company’s stock after selling 989,538 shares during the period. BNP Paribas Financial Markets’ holdings in Community Health Systems were worth $46,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Whitebox Advisors LLC grew its stake in shares of Community Health Systems by 57.2% during the fourth quarter. Whitebox Advisors LLC now owns 2,300,111 shares of the company’s stock worth $6,877,000 after acquiring an additional 837,338 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Community Health Systems during the fourth quarter worth about $163,000. Apollo Management Holdings L.P. grew its stake in shares of Community Health Systems by 20.5% during the fourth quarter. Apollo Management Holdings L.P. now owns 6,689,741 shares of the company’s stock worth $20,002,000 after acquiring an additional 1,138,596 shares during the last quarter. Voleon Capital Management LP purchased a new stake in shares of Community Health Systems during the fourth quarter worth about $2,096,000. Finally, Northern Trust Corp grew its stake in shares of Community Health Systems by 16.8% during the fourth quarter. Northern Trust Corp now owns 1,496,316 shares of the company’s stock worth $4,474,000 after acquiring an additional 214,772 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Trading Up 2.7%

Community Health Systems stock opened at $3.95 on Wednesday. Community Health Systems, Inc. has a 12 month low of $2.24 and a 12 month high of $6.29. The stock’s 50 day simple moving average is $3.09 and its two-hundred day simple moving average is $3.17. The firm has a market cap of $553.51 million, a PE ratio of -1.01 and a beta of 1.99.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.07. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the company posted ($0.14) EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts forecast that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Wall Street Analyst Weigh In

CYH has been the topic of a number of research analyst reports. Guggenheim began coverage on Community Health Systems in a research note on Wednesday, April 9th. They set a “neutral” rating on the stock. Barclays dropped their target price on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. UBS Group set a $3.50 target price on Community Health Systems in a research report on Friday, April 25th. Truist Financial dropped their target price on Community Health Systems from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Finally, Wall Street Zen upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.17.

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.