AQR Capital Management LLC Has $3.11 Million Stake in Community Health Systems, Inc. (NYSE:CYH)

AQR Capital Management LLC trimmed its stake in Community Health Systems, Inc. (NYSE:CYH) by 31.2% in the second quarter, HoldingsChannel.com reports. The firm owned 925,761 shares of the company’s stock after selling 420,793 shares during the period. AQR Capital Management LLC’s holdings in Community Health Systems were worth $3,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CYH. SG Americas Securities LLC boosted its position in Community Health Systems by 384.7% during the second quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock valued at $715,000 after acquiring an additional 168,941 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Community Health Systems during the first quarter valued at $1,132,000. Vanguard Group Inc. boosted its position in Community Health Systems by 0.4% during the first 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 last quarter. Red Door Wealth Management LLC boosted its position in shares of 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 purchasing an additional 14,560 shares in the last quarter. Finally, Hood River Capital Management LLC bought a new position in shares of Community Health Systems during the 2nd quarter worth about $789,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Price Performance

Shares of CYH stock opened at $5.47 on Tuesday. The company’s fifty day simple moving average is $5.40 and its two-hundred day simple moving average is $4.16. The stock has a market capitalization of $759.45 million, a price-to-earnings ratio of -5.75 and a beta of 1.55. Community Health Systems, Inc. has a 1 year low of $2.01 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned ($0.22) EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that Community Health Systems, Inc. will post -0.42 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CYH. Wells Fargo & Company increased their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Truist Financial increased their price objective on shares of Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a research note on Monday, July 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price target on shares of Community Health Systems in a report on Monday, August 12th. Oppenheimer lifted their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, UBS Group lifted their price target 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.73.

About Community Health Systems

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.