Community Health Systems, Inc. (NYSE:CYH) Shares Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC grew its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 109.2% during the fourth quarter, HoldingsChannel reports. The firm owned 103,445 shares of the company’s stock after buying an additional 53,986 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Community Health Systems were worth $309,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. lifted its stake in shares of Community Health Systems by 4.1% in the third quarter. Franklin Resources Inc. now owns 75,520 shares of the company’s stock worth $422,000 after acquiring an additional 2,989 shares in the last quarter. Rhumbline Advisers raised its stake in Community Health Systems by 2.4% during the fourth quarter. Rhumbline Advisers now owns 201,436 shares of the company’s stock valued at $602,000 after buying an additional 4,654 shares in the last quarter. Cibc World Markets Corp acquired a new stake in Community Health Systems during the fourth quarter valued at approximately $35,000. Apollon Wealth Management LLC acquired a new stake in Community Health Systems during the fourth quarter valued at approximately $60,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Community Health Systems by 93.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company’s stock valued at $148,000 after buying an additional 23,902 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CYH shares. Truist Financial cut their price objective on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research note on Monday, January 6th. Raymond James cut Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd. UBS Group cut their price objective on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their target price on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Community Health Systems presently has a consensus rating of “Hold” and a consensus price target of $4.10.

Community Health Systems Trading Down 2.6 %

NYSE:CYH opened at $2.79 on Wednesday. The stock has a 50 day moving average of $3.19 and a 200-day moving average of $4.02. The firm has a market capitalization of $386.90 million, a PE ratio of -0.71 and a beta of 1.81. Community Health Systems, Inc. has a 52 week low of $2.53 and a 52 week high of $6.29.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.14 billion. As a group, analysts predict that Community Health Systems, Inc. will post -0.29 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.