Helix Partners Management LP Takes $4.92 Million Position in Community Health Systems, Inc. (NYSE:CYH)

Helix Partners Management LP purchased a new stake in Community Health Systems, Inc. (NYSE:CYH) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,646,592 shares of the company’s stock, valued at approximately $4,923,000. Community Health Systems makes up approximately 0.9% of Helix Partners Management LP’s investment portfolio, making the stock its 10th biggest holding. Helix Partners Management LP owned about 1.19% of Community Health Systems as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cibc World Markets Corp acquired a new stake in Community Health Systems during the 4th quarter worth $35,000. Virtu Financial LLC acquired a new stake in shares of Community Health Systems in the 4th quarter valued at about $38,000. Apollon Wealth Management LLC acquired a new position in Community Health Systems during the fourth quarter worth approximately $60,000. KLP Kapitalforvaltning AS purchased a new stake in Community Health Systems in the fourth quarter valued at approximately $62,000. Finally, AXQ Capital LP purchased a new position in shares of Community Health Systems during the fourth quarter worth approximately $63,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Stock Up 2.3 %

NYSE CYH opened at $2.65 on Thursday. Community Health Systems, Inc. has a fifty-two week low of $2.53 and a fifty-two week high of $6.29. The business has a fifty day moving average of $3.11 and a 200-day moving average of $3.81. The stock has a market cap of $372.04 million, a price-to-earnings ratio of -0.68 and a beta of 1.81.

Community Health Systems (NYSE:CYH) last announced 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 company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.14 billion. As a group, analysts anticipate that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Analyst Upgrades and Downgrades

CYH has been the topic of several recent research reports. UBS Group dropped their price target on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Truist Financial cut 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. Barclays lowered their price objective on shares of 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. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price target on shares of Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Community Health Systems has an average rating of “Hold” and an average price target of $4.10.

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.