1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS bought a new position in Community Health Systems, Inc. (NYSE:CYH – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,800 shares of the company’s stock, valued at approximately $62,000.
Other large investors have also added to or reduced their stakes in the company. Cibc World Markets Corp purchased a new position in shares of Community Health Systems in the 4th quarter valued at approximately $35,000. Virtu Financial LLC bought a new position in shares of Community Health Systems during the fourth quarter valued at approximately $38,000.
Apollon Wealth Management LLC bought a new stake in shares of Community Health Systems in the 4th quarter worth approximately $60,000. AXQ Capital LP purchased a new stake in shares of Community Health Systems in the 4th quarter worth approximately $63,000. Finally, Raymond James Financial Inc.
bought a new position in Community Health Systems during the 4th quarter valued at approximately $104,000. Institutional investors own 84.99% of the company’s stock.
Community Health Systems Trading Down 2.2 %Shares of NYSE:CYH opened at $2.48 on Friday.
Community Health Systems, Inc. has a 12-month low of $2.24 and a 12-month high of $6.
29. The company has a market cap of $347.25 million, a PE ratio of -0.
63 and a beta of 1.72. The stock has a 50 day moving average of $2.
96 and a 200 day moving average of $3.62. Community Health Systems (NYSE:CYH – Get Free Report) last released 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 firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.
14 billion. Equities research analysts predict that Community Health Systems, Inc. will post -0.
29 earnings per share for the current fiscal year. Analyst Upgrades and DowngradesSeveral analysts recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Community Health Systems from $2.
50 to $2.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Truist Financial decreased their price objective on shares of Community Health Systems from $4.
00 to $3.00 and set a “hold” rating for the company in a report on Friday. Barclays dropped their price objective 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 lowered their target price on shares of Community Health Systems from $4.
80 to $4.10 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, Guggenheim began coverage on shares of Community Health Systems in a research note on Wednesday.
They issued a “neutral” rating for the company. Two research 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 stock has an average rating of “Hold” and an average price target of $4.
02.Get Our Latest Stock Analysis on CYHAbout Community Health Systems (Free Report)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.
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