BNP Paribas Financial Markets Trims Stake in Community Health Systems, Inc. (NYSE:CYH)

BNP Paribas Financial Markets decreased its position in shares of Community Health Systems, Inc. (NYSE:CYH) by 35.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,004,762 shares of the company’s stock after selling 560,616 shares during the quarter. BNP Paribas Financial Markets’ holdings in Community Health Systems were worth $6,099,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Community Health Systems during the second quarter worth $25,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Community Health Systems during the 2nd quarter worth $33,000. Signaturefd LLC purchased a new position in Community Health Systems in the third quarter valued at about $33,000. Canada Pension Plan Investment Board bought a new position in Community Health Systems in the second quarter worth about $45,000. Finally, CWM LLC lifted its position in shares of Community Health Systems by 32.1% during the third quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after buying an additional 2,961 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CYH. StockNews.com lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. UBS Group increased their price objective on 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 dropped their target price 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 target on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $6.00 price objective on shares of Community Health Systems in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.77.

Community Health Systems Stock Performance

Shares of NYSE:CYH opened at $3.41 on Wednesday. The business has a 50-day moving average price of $4.74 and a 200-day moving average price of $4.50. Community Health Systems, Inc. has a 52-week low of $2.31 and a 52-week high of $6.29.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the business earned ($0.33) earnings per share. Community Health Systems’s revenue was up .1% on a year-over-year basis. Analysts forecast that Community Health Systems, Inc. will post -0.55 EPS for the current 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.