Dimensional Fund Advisors LP Purchases 43,145 Shares of Community Health Systems, Inc. (NYSE:CYH)

Dimensional Fund Advisors LP lifted its holdings in Community Health Systems, Inc. (NYSE:CYH) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,748,786 shares of the company’s stock after buying an additional 43,145 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.26% of Community Health Systems worth $5,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CYH. nVerses Capital LLC purchased a new stake in Community Health Systems in the second quarter worth $25,000. DekaBank Deutsche Girozentrale purchased a new position in Community Health Systems in the 2nd quarter worth about $33,000. BOS Asset Management LLC purchased a new stake in Community Health Systems in the 1st quarter valued at about $80,000. Allspring Global Investments Holdings LLC grew its stake in Community Health Systems by 412.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 24,702 shares of the company’s stock worth $83,000 after acquiring an additional 19,886 shares in the last quarter. Finally, Red Door Wealth Management LLC increased its position in shares of Community Health Systems by 126.6% during the first quarter. Red Door Wealth Management LLC now owns 26,060 shares of the company’s stock worth $91,000 after acquiring an additional 14,560 shares during the period. 84.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on CYH. Truist Financial increased their price objective on Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a research note on Monday, July 15th. UBS Group raised their price target on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of Community Health Systems in a research note on Monday, August 12th. Oppenheimer boosted their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company increased their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Community Health Systems has a consensus rating of “Hold” and an average price target of $4.73.

Community Health Systems Stock Performance

CYH stock opened at $5.29 on Wednesday. Community Health Systems, Inc. has a one year low of $2.01 and a one year high of $6.29. The firm has a market cap of $734.44 million, a price-to-earnings ratio of -5.56 and a beta of 1.55. The firm has a 50-day simple moving average of $5.40 and a two-hundred day simple moving average of $4.17.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, July 24th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the firm earned ($0.22) earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. As a group, equities analysts predict that Community Health Systems, Inc. will post -0.42 earnings per share for the current fiscal year.

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.