Nuveen Asset Management LLC boosted its position in Community Health Systems, Inc. (NYSE:CYH) by 7.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 893,824 shares of the company’s stock after purchasing an additional 60,041 shares during the quarter. Nuveen Asset Management LLC owned about 0.75% of Community Health Systems worth $6,641,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CYH. Renaissance Technologies LLC boosted its stake in Community Health Systems by 87.3% in the 4th quarter. Renaissance Technologies LLC now owns 3,126,635 shares of the company’s stock valued at $23,231,000 after purchasing an additional 1,457,675 shares during the period. Caas Capital Management LP bought a new stake in shares of Community Health Systems during the 4th quarter valued at $9,125,000. Credit Suisse AG lifted its position in shares of Community Health Systems by 946.1% during the 4th quarter. Credit Suisse AG now owns 1,078,533 shares of the company’s stock valued at $8,014,000 after acquiring an additional 975,437 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Community Health Systems during the 4th quarter valued at $6,434,000. Finally, BlackRock Inc. lifted its position in shares of Community Health Systems by 4.7% during the 4th quarter. BlackRock Inc. now owns 15,910,612 shares of the company’s stock valued at $118,216,000 after acquiring an additional 708,666 shares during the period. Institutional investors and hedge funds own 84.75% of the company’s stock.
A number of research firms have recently weighed in on CYH. Zacks Investment Research upgraded Community Health Systems from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a research report on Tuesday, February 2nd. Truist upped their target price on Community Health Systems from $9.00 to $12.00 in a research report on Wednesday. Finally, Credit Suisse Group upped their price objective on Community Health Systems from $3.50 to $4.10 and gave the stock an “underperform” rating in a research report on Thursday, February 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.32.
Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, February 16th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.78. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.08 billion. As a group, equities analysts forecast that Community Health Systems, Inc. will post -0.63 earnings per share for the current fiscal 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.
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