California State Teachers Retirement System Reduces Stock Position in Community Health Systems, Inc. (NYSE:CYH)

California State Teachers Retirement System lowered its position in shares of Community Health Systems, Inc. (NYSE:CYH) by 9.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 116,880 shares of the company’s stock after selling 11,528 shares during the quarter. California State Teachers Retirement System’s holdings in Community Health Systems were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CYH. Tower Research Capital LLC TRC grew its position in shares of Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after buying an additional 6,445 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Community Health Systems during the 4th quarter worth $33,000. Cibc World Markets Corp bought a new stake in shares of Community Health Systems during the fourth quarter valued at about $35,000. Virtu Financial LLC acquired a new stake in shares of Community Health Systems in the 4th quarter worth approximately $38,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Community Health Systems in the fourth quarter valued at $54,000. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group set a $3.50 price objective on Community Health Systems in a research report on Friday, April 25th. Wells Fargo & Company restated an “underweight” rating and set a $3.50 price objective (up from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. Guggenheim began coverage on shares of Community Health Systems in a research note on Wednesday, April 9th. They issued a “neutral” rating on the stock. Truist Financial cut their price target on Community Health Systems from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Finally, Barclays decreased their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.17.

Community Health Systems Stock Down 2.4%

Shares of NYSE:CYH opened at $3.23 on Friday. The business has a 50 day moving average price of $3.23 and a 200 day moving average price of $3.17. The company has a market cap of $453.19 million, a price-to-earnings ratio of -0.83 and a beta of 2.12. Community Health Systems, Inc. has a twelve month low of $2.24 and a twelve month high of $6.29.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.07. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the company posted ($0.14) EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Analysts anticipate that Community Health Systems, Inc. will post -0.29 EPS 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.