Virtu Financial LLC Takes Position in Community Health Systems, Inc. (NYSE:CYH)

Virtu Financial LLC acquired a new position in shares of Community Health Systems, Inc. (NYSE:CYH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,770 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors also recently bought and sold shares of the business. Cibc World Markets Corp purchased a new position in Community Health Systems in the fourth quarter worth $35,000. Apollon Wealth Management LLC purchased a new position in shares of Community Health Systems in the 4th quarter valued at about $60,000. Raymond James Financial Inc. acquired a new stake in shares of Community Health Systems in the fourth quarter valued at about $104,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Community Health Systems by 93.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company’s stock worth $148,000 after buying an additional 23,902 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Community Health Systems by 74.3% in the fourth quarter. Intech Investment Management LLC now owns 59,303 shares of the company’s stock valued at $177,000 after buying an additional 25,274 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Stock Performance

Shares of NYSE:CYH opened at $2.59 on Wednesday. The company’s fifty day moving average is $3.13 and its two-hundred day moving average is $3.82. Community Health Systems, Inc. has a 1-year low of $2.53 and a 1-year high of $6.29. The stock has a market capitalization of $362.91 million, a price-to-earnings ratio of -0.66 and a beta of 1.81.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate 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. Sell-side analysts expect that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CYH shares. Wells Fargo & Company cut 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 research report on Monday, March 10th. UBS Group reduced their target price on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Barclays reduced their price objective on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. Finally, Truist Financial dropped their price objective on Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.10.

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.