AXQ Capital LP Buys Shares of 21,215 Community Health Systems, Inc. (NYSE:CYH)

AXQ Capital LP purchased a new position in Community Health Systems, Inc. (NYSE:CYH) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 21,215 shares of the company’s stock, valued at approximately $63,000.

A number of other hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its stake in Community Health Systems by 157.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock valued at $12,459,000 after purchasing an additional 2,550,678 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Community Health Systems by 19.1% during the fourth quarter. New York State Common Retirement Fund now owns 1,735,544 shares of the company’s stock valued at $5,189,000 after buying an additional 277,827 shares in the last quarter. Royce & Associates LP raised its position in Community Health Systems by 4.5% in the fourth quarter. Royce & Associates LP now owns 1,371,342 shares of the company’s stock worth $4,100,000 after acquiring an additional 59,430 shares in the last quarter. Barclays PLC lifted its holdings in Community Health Systems by 1,278.2% in the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock valued at $4,296,000 after acquiring an additional 656,447 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its position in shares of Community Health Systems by 142.1% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 443,013 shares of the company’s stock valued at $1,325,000 after purchasing an additional 260,000 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Price Performance

Shares of CYH opened at $2.78 on Tuesday. The company has a market capitalization of $389.59 million, a price-to-earnings ratio of -0.71 and a beta of 1.81. The business’s 50-day moving average is $3.16 and its 200-day moving average is $3.94. Community Health Systems, Inc. has a fifty-two week low of $2.53 and a fifty-two week high of $6.29.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.14 billion. Equities research analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CYH. StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. UBS Group reduced their price objective on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Truist Financial cut their target price on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research report on Monday, January 6th. Barclays dropped their price target on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 20th. Finally, Wells Fargo & Company decreased their target price on shares of 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Community Health Systems presently has an average rating of “Hold” and an average price target of $4.10.

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.