Community Health Systems, Inc. (NYSE:CYH) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its position in Community Health Systems, Inc. (NYSE:CYH) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,498,374 shares of the company’s stock after selling 19,031 shares during the period. Federated Hermes Inc. owned approximately 1.10% of Community Health Systems worth $4,690,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of Community Health Systems by 16.4% in the 3rd quarter. Invesco Ltd. now owns 6,239,749 shares of the company’s stock worth $18,095,000 after acquiring an additional 879,784 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Community Health Systems by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,881,996 shares of the company’s stock valued at $14,158,000 after purchasing an additional 480,481 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Community Health Systems by 20.5% in the third quarter. Teacher Retirement System of Texas now owns 1,715,268 shares of the company’s stock valued at $4,974,000 after purchasing an additional 292,351 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Community Health Systems by 26.0% in the third quarter. First Eagle Investment Management LLC now owns 1,456,121 shares of the company’s stock valued at $4,223,000 after purchasing an additional 300,115 shares during the period. Finally, Dark Forest Capital Management LP lifted its stake in shares of Community Health Systems by 91.2% in the third quarter. Dark Forest Capital Management LP now owns 222,864 shares of the company’s stock valued at $646,000 after purchasing an additional 106,316 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Truist Financial raised their price objective on shares of Community Health Systems from $3.25 to $3.75 and gave the company a “hold” rating in a research note on Friday. Oppenheimer dropped their target price on shares of Community Health Systems from $5.50 to $4.50 and set an “outperform” rating for the company in a report on Thursday. Finally, Barclays initiated coverage on shares of Community Health Systems in a report on Wednesday, March 6th. They set an “equal weight” rating and a $3.00 target price for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Community Health Systems has a consensus rating of “Hold” and a consensus target price of $4.05.

Community Health Systems Price Performance

Shares of NYSE CYH opened at $3.40 on Friday. The company has a market cap of $471.84 million, a PE ratio of -3.57 and a beta of 1.52. Community Health Systems, Inc. has a 12 month low of $2.01 and a 12 month high of $6.53. The company has a 50-day simple moving average of $3.06 and a 200-day simple moving average of $3.06.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, April 24th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. Community Health Systems had a negative net margin of 0.99% and a negative return on equity of 5.51%. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm posted ($0.43) earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts anticipate that Community Health Systems, Inc. will post -0.45 EPS for the current year.

Community Health Systems Company 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.