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

Cubist Systematic Strategies LLC trimmed its position in Community Health Systems, Inc. (NYSE:CYH) by 67.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,929 shares of the company’s stock after selling 358,554 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Community Health Systems were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in 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 period. Susquehanna Fundamental Investments LLC purchased a new position in Community Health Systems during the 1st quarter valued at $1,132,000. Vanguard Group Inc. increased its position 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 purchasing an additional 28,669 shares during the period. Hood River Capital Management LLC bought a new stake in shares of Community Health Systems during the 2nd quarter valued at $789,000. Finally, Red Door Wealth Management LLC boosted its holdings 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 valued at $91,000 after buying an additional 14,560 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CYH shares. Wells Fargo & Company boosted their target price on shares of Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Truist Financial boosted 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. Oppenheimer upped their price target 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. Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 target price on shares of Community Health Systems in a report on Monday, August 12th. Finally, 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.73.

Community Health Systems Price Performance

CYH stock opened at $5.43 on Friday. Community Health Systems, Inc. has a 1-year low of $2.01 and a 1-year high of $6.29. The company has a market capitalization of $754.44 million, a price-to-earnings ratio of -7.14 and a beta of 1.55. The business has a 50 day simple moving average of $5.41 and a two-hundred day simple moving average of $4.21.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, July 24th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.10 billion. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.22) EPS. Sell-side analysts anticipate that Community Health Systems, Inc. will post -0.41 EPS for the current fiscal year.

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.