AXQ Capital LP Takes Position in Community Health Systems, Inc. (NYSE:CYH)

AXQ Capital LP bought a new stake in Community Health Systems, Inc. (NYSE:CYH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,215 shares of the company’s stock, valued at approximately $63,000.

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

Community Health Systems Price Performance

Shares of NYSE CYH opened at $2.78 on Tuesday. The firm has a market capitalization of $389.59 million, a PE ratio of -0.71 and a beta of 1.81. Community Health Systems, Inc. has a 1-year low of $2.53 and a 1-year high of $6.29. The business’s fifty day moving average price is $3.16 and its two-hundred day moving average price is $3.94.

Community Health Systems (NYSE:CYH) last posted its earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations 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.

Analysts Set New Price Targets

A number of research firms have commented on CYH. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Truist Financial decreased their price target on Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a research note on Monday, January 6th. UBS Group cut their price objective 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. Wells Fargo & Company decreased their target price on 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. Finally, 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 report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Community Health Systems presently has a consensus rating of “Hold” and a consensus target price of $4.10.

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.