Columbus Hill Capital Management L.P. Cuts Position in Community Health Systems, Inc. (NYSE:CYH)

Columbus Hill Capital Management L.P. lowered its holdings in Community Health Systems, Inc. (NYSE:CYH) by 19.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 659,200 shares of the company’s stock after selling 163,277 shares during the period. Community Health Systems makes up 0.5% of Columbus Hill Capital Management L.P.’s portfolio, making the stock its 27th biggest position. Columbus Hill Capital Management L.P.’s holdings in Community Health Systems were worth $2,215,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. nVerses Capital LLC acquired a new stake in Community Health Systems in the 2nd quarter valued at $25,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Community Health Systems during the 2nd quarter valued at about $33,000. Eagle Asset Management Inc. acquired a new position in Community Health Systems during the 4th quarter worth approximately $40,000. Canada Pension Plan Investment Board purchased a new position in Community Health Systems in the 2nd quarter worth approximately $45,000. Finally, RPO LLC purchased a new stake in shares of Community Health Systems during the fourth quarter valued at approximately $75,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Up 1.2 %

NYSE:CYH opened at $5.90 on Friday. Community Health Systems, Inc. has a 52 week low of $2.01 and a 52 week high of $5.98. The company has a market cap of $819.90 million, a PE ratio of -6.21 and a beta of 1.56. The business’s 50 day moving average is $5.00 and its two-hundred day moving average is $3.90.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Community Health Systems’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.22) earnings per share. As a group, sell-side analysts expect that Community Health Systems, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group raised their price target on shares of Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Truist Financial lifted their target price on Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a research report on Monday, July 15th. Wells Fargo & Company increased their price target on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Oppenheimer upped their target price on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $6.00 price target on shares of Community Health Systems in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.73.

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.