Community Health Systems, Inc. (NYSE:CYH) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Community Health Systems, Inc. (NYSE:CYH) by 522.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 264,198 shares of the company’s stock after acquiring an additional 221,759 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.19% of Community Health Systems worth $1,604,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new stake in Community Health Systems during the second quarter valued at approximately $5,121,000. Bank of Montreal Can acquired a new stake in shares of Community Health Systems during the 2nd quarter valued at $3,692,000. Whitebox Advisors LLC boosted its stake in shares of Community Health Systems by 43.3% during the 2nd quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock worth $10,150,000 after acquiring an additional 913,542 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Community Health Systems by 51.0% in the 2nd quarter. Marshall Wace LLP now owns 942,303 shares of the company’s stock worth $3,166,000 after acquiring an additional 318,333 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Community Health Systems by 111.8% during the second quarter. Renaissance Technologies LLC now owns 537,093 shares of the company’s stock worth $1,805,000 after purchasing an additional 283,500 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CYH. Truist Financial dropped their price target on Community Health Systems from $5.50 to $5.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Barclays raised their price objective on shares of Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Raymond James downgraded shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 target price on shares of Community Health Systems in a research report on Monday, August 12th. Finally, StockNews.com downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.77.

Community Health Systems Trading Up 1.4 %

NYSE CYH opened at $3.70 on Tuesday. The company has a market capitalization of $514.12 million, a PE ratio of -1.23 and a beta of 1.60. Community Health Systems, Inc. has a 1-year low of $2.31 and a 1-year high of $6.29. The firm’s fifty day simple moving average is $4.98 and its 200-day simple moving average is $4.51.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the business earned ($0.33) earnings per share. Community Health Systems’s quarterly revenue was up .1% on a year-over-year basis. As a group, analysts predict that Community Health Systems, Inc. will post -0.52 EPS for the current 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.