Two Sigma Securities LLC Makes New Investment in Community Health Systems, Inc. (NYSE:CYH)

Two Sigma Securities LLC purchased a new position in shares of Community Health Systems, Inc. (NYSE:CYH) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,089 shares of the company’s stock, valued at approximately $33,000.

Several other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Community Health Systems by 250.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock worth $27,000 after purchasing an additional 6,445 shares during the period. Cibc World Markets Corp bought a new position in Community Health Systems in the 4th quarter worth approximately $35,000. Virtu Financial LLC purchased a new position in Community Health Systems in the 4th quarter valued at approximately $38,000. Canada Pension Plan Investment Board bought a new stake in Community Health Systems during the 4th quarter valued at $54,000. Finally, Apollon Wealth Management LLC bought a new position in shares of Community Health Systems in the fourth quarter worth $60,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial dropped their price objective on Community Health Systems from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Friday, April 11th. Guggenheim assumed coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They issued a “neutral” rating for the company. UBS Group set a $3.50 target price on shares of Community Health Systems in a report on Friday, April 25th. StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Barclays decreased their price target on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $3.92.

Community Health Systems Stock Performance

Community Health Systems stock opened at $2.83 on Friday. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The firm’s fifty day moving average price is $2.70 and its 200-day moving average price is $3.32. The stock has a market cap of $397.06 million, a P/E ratio of -0.73 and a beta of 1.72.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.07. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Community Health Systems’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.14) earnings per share. On average, analysts predict that Community Health Systems, Inc. will post -0.29 earnings per share 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.