Raymond James & Associates Sells 3,132 Shares of Community Health Systems, Inc. (NYSE:CYH)

Community Health Systems logo Raymond James & Associates reduced its holdings in Community Health Systems, Inc. (NYSE:CYH – Get Rating) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 224,320 shares of the company’s stock after selling 3,132 shares during the period. Raymond James & Associates’ holdings in Community Health Systems were worth $969,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in shares of Community Health Systems by 195.5% during the 1st quarter. Captrust Financial Advisors now owns 5,794 shares of the company’s stock worth $69,000 after purchasing an additional 3,833 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Community Health Systems during the 4th quarter worth approximately $43,000. Teza Capital Management LLC bought a new position in Community Health Systems in the 3rd quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new position in Community Health Systems in the 4th quarter valued at approximately $59,000. Finally, Virtu Financial LLC acquired a new position in Community Health Systems in the 2nd quarter valued at approximately $52,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CYH. StockNews.com assumed coverage on shares of Community Health Systems in a research report on Thursday, May 18th. They set a “hold” rating for the company. Royal Bank of Canada dropped their price objective on shares of Community Health Systems from $11.00 to $7.00 in a research note on Wednesday, May 3rd. Truist Financial raised their price target on shares of Community Health Systems from $4.75 to $8.00 in a research report on Friday, February 17th. Finally, Credit Suisse Group raised their price objective on shares of Community Health Systems from $3.30 to $8.50 and gave the stock a “neutral” rating in a report on Friday, February 17th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.25.

Community Health Systems Trading Up 12.9 %

Want More Great Investment Ideas?

CYH opened at $3.77 on Friday. Community Health Systems, Inc. has a 12-month low of $1.88 and a 12-month high of $8.01. The company has a market cap of $515.52 million, a price-to-earnings ratio of -62.83 and a beta of 1.67. The company’s 50 day moving average is $4.38 and its 200 day moving average is $4.59.

Community Health Systems (NYSE:CYH – Get Rating) last announced its quarterly earnings results on Monday, May 1st. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.21). The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the company earned $0.14 EPS. The business’s revenue was down .1% compared to the same quarter last year. As a group, analysts predict that Community Health Systems, Inc. will post -0.73 EPS for the current fiscal year.

Community Health Systems Profile

(Get Rating)

Community Health Systems, Inc engages in the provision of general and specialized healthcare services and outpatient services. The company was founded in March 1985 and is headquartered in Franklin, TN.

Wall Street Analyst Weigh In

Community Health Systems Trading Up 12.9 %

Community Health Systems Profile

Further Reading