Allianz Asset Management GmbH Has $2.06 Million Stock Position in Community Health Systems, Inc. $CYH

Allianz Asset Management GmbH increased its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 140.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 641,300 shares of the company’s stock after acquiring an additional 374,078 shares during the period. Allianz Asset Management GmbH owned about 0.46% of Community Health Systems worth $2,059,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Nomura Holdings Inc. grew its holdings in Community Health Systems by 25.9% in the 2nd quarter. Nomura Holdings Inc. now owns 7,271,079 shares of the company’s stock valued at $24,722,000 after buying an additional 1,494,378 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Community Health Systems by 112.4% in the second quarter. Bank of America Corp DE now owns 1,872,343 shares of the company’s stock valued at $6,366,000 after acquiring an additional 991,014 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Community Health Systems by 1,073.2% during the second quarter. Canada Pension Plan Investment Board now owns 476,300 shares of the company’s stock worth $1,619,000 after acquiring an additional 435,700 shares during the period. Owl Creek Asset Management L.P. raised its stake in Community Health Systems by 26.4% in the 2nd quarter. Owl Creek Asset Management L.P. now owns 1,863,221 shares of the company’s stock worth $6,335,000 after purchasing an additional 388,826 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Community Health Systems during the 2nd quarter worth approximately $1,204,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CYH shares. Truist Financial set a $4.50 price target on Community Health Systems in a research note on Monday, January 5th. Wells Fargo & Company lowered their target price on shares of Community Health Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a research note on Wednesday, January 7th. UBS Group upped their target price on Community Health Systems from $3.20 to $3.60 and gave the company a “neutral” rating in a research report on Monday, October 27th. Wall Street Zen cut shares of Community Health Systems from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Community Health Systems in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.60.

Community Health Systems Price Performance

NYSE:CYH opened at $3.45 on Friday. The company has a market cap of $477.20 million, a P/E ratio of 1.42 and a beta of 2.10. Community Health Systems, Inc. has a 1 year low of $2.24 and a 1 year high of $4.47. The stock’s fifty day moving average price is $3.24 and its two-hundred day moving average price is $3.15.

Community Health Systems Company Profile

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.