1 week Ago By Defense World Staff
Norges Bank purchased a new position in shares of Community Health Systems, Inc. (NYSE:CYH – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 354,100 shares of the company’s stock, valued at approximately $1,059,000.
Norges Bank owned about 0.25% of Community Health Systems at the end of the most recent reporting period. Other hedge funds have also recently modified their holdings of the company.
EntryPoint Capital LLC purchased a new position in Community Health Systems during the 4th quarter worth $337,000. Vanguard Group Inc. raised its holdings in Community Health Systems by 12.
3% during the fourth quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company’s stock worth $33,490,000 after purchasing an additional 1,229,039 shares in the last quarter.
KLP Kapitalforvaltning AS purchased a new stake in Community Health Systems in the 4th quarter valued at approximately $62,000. AXQ Capital LP acquired a new position in Community Health Systems during the 4th quarter worth approximately $63,000. Finally, Virtu Financial LLC purchased a new position in shares of Community Health Systems during the 4th quarter worth approximately $38,000.
84.99% of the stock is owned by institutional investors and hedge funds. Community Health Systems Trading Down 2.
2 %Shares of 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 stock has a market cap of $347.25 million, a P/E ratio of -0.63 and a beta of 1.
72. The company has a 50-day moving average of $2.96 and a two-hundred day moving average of $3.
62. Community Health Systems (NYSE:CYH – Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $3.14 billion.
As a group, analysts forecast that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.
Analyst Upgrades and DowngradesCYH has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Community Health Systems from $2.50 to $2.
00 and set an “underweight” rating on the stock in a report on Monday, March 10th. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th.
UBS Group reduced their price objective on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a research note on Thursday, February 20th.
Guggenheim started coverage on shares of Community Health Systems in a report on Wednesday. They set a “neutral” rating on the stock. Finally, Barclays dropped their target price on shares of Community Health Systems from $5.
00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock.
According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.02.Check Out Our Latest Research Report on Community Health SystemsCommunity Health Systems Profile (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.Featured StoriesFive stocks we like better than Community Health SystemsTSX Venture Exchange (Formerly Canadian Venture Exchange)Robinhood Strategies Could Be a Game-Changer for Young InvestorsWhat is diluted earnings per share (Diluted EPS)?Are These 3 Retail Stocks Oversold or Really in Trouble?How to Start Investing in Real EstateIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are AheadWant to see what other hedge funds are holding CYH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Community Health Systems, Inc.
(NYSE:CYH – Free Report)..
