Short Interest in Community Health Systems, Inc. (NYSE:CYH) Rises By 8.7%

Community Health Systems, Inc. (NYSE:CYH) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 8,030,000 shares, an increase of 8.7% from the November 15th total of 7,390,000 shares. Currently, 6.8% of the company’s shares are short sold. Based on an average trading volume of 1,920,000 shares, the short-interest ratio is presently 4.2 days.

Hedge Funds Weigh In On Community Health Systems

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in shares of Community Health Systems by 384.7% during the second quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock worth $715,000 after buying an additional 168,941 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of Community Health Systems by 301.3% during the third quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company’s stock worth $2,029,000 after buying an additional 250,909 shares in the last quarter. Hood River Capital Management LLC acquired a new position in shares of Community Health Systems during the second quarter worth about $789,000. Acadian Asset Management LLC acquired a new position in shares of Community Health Systems during the second quarter worth about $871,000. Finally, Marshall Wace LLP lifted its stake in Community Health Systems by 51.0% during the second quarter. Marshall Wace LLP now owns 942,303 shares of the company’s stock worth $3,166,000 after purchasing an additional 318,333 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on CYH shares. Wells Fargo & Company lowered Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $5.00 to $2.50 in a report on Monday, November 25th. Raymond James lowered Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. StockNews.com lowered Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Truist Financial reduced their price target on Community Health Systems from $5.50 to $5.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Barclays raised their price objective on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Community Health Systems has a consensus rating of “Hold” and an average price target of $4.77.

Community Health Systems Stock Down 3.6 %

NYSE CYH traded down $0.12 during trading on Tuesday, hitting $3.21. The stock had a trading volume of 4,244,376 shares, compared to its average volume of 1,942,616. The company has a market capitalization of $446.02 million, a PE ratio of -1.10 and a beta of 1.55. The firm has a 50 day moving average price of $4.27 and a 200 day moving average price of $4.49. Community Health Systems has a twelve month low of $2.51 and a twelve month high of $6.29.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. Community Health Systems’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.33) earnings per share. On average, sell-side analysts anticipate that Community Health Systems will post -0.56 earnings per share 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.