Susquehanna Portfolio Strategies LLC Decreases Holdings in Community Health Systems, Inc. (NYSE:CYH)

Susquehanna Portfolio Strategies LLC reduced its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 14.4% during the second quarter, Holdings Channel reports. The fund owned 34,966 shares of the company’s stock after selling 5,900 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Community Health Systems were worth $117,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in shares of Community Health Systems by 384.7% during the 2nd quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock valued at $715,000 after purchasing an additional 168,941 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Community Health Systems in the first quarter worth about $1,132,000. Vanguard Group Inc. boosted its holdings in Community Health Systems by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock valued at $28,436,000 after acquiring an additional 28,669 shares during the period. Red Door Wealth Management LLC grew its position in Community Health Systems by 126.6% during the 1st quarter. Red Door Wealth Management LLC now owns 26,060 shares of the company’s stock worth $91,000 after acquiring an additional 14,560 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new position in Community Health Systems in the 2nd quarter worth approximately $789,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 target price on shares of Community Health Systems in a report on Monday, August 12th. Oppenheimer boosted their price objective on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. UBS Group increased their target price on shares of Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Wells Fargo & Company upped their price target on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Finally, Truist Financial lifted their price objective 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.73.

Community Health Systems Stock Performance

Shares of NYSE:CYH opened at $6.01 on Monday. The firm has a market capitalization of $835.19 million, a P/E ratio of -6.33 and a beta of 1.56. The stock has a 50 day moving average price of $5.26 and a 200-day moving average price of $4.05. Community Health Systems, Inc. has a 52-week low of $2.01 and a 52-week high of $6.29.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.10 billion. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.22) earnings per share. On average, equities analysts forecast that Community Health Systems, Inc. will post -0.42 EPS for the current fiscal year.

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.