Community Health Systems Sees Unusually High Options Volume (NYSE:CYH)

Community Health Systems, Inc. (NYSE:CYH) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 14,766 put options on the company. This represents an increase of 678% compared to the typical volume of 1,899 put options.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. StockNews.com downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Raymond James downgraded shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Wells Fargo & Company cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $5.00 to $2.50 in a report on Monday, November 25th. Finally, Truist Financial reduced their price objective 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. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.52.

Community Health Systems Stock Up 1.1 %

Shares of Community Health Systems stock traded up $0.04 during midday trading on Wednesday, hitting $3.33. The company’s stock had a trading volume of 732,365 shares, compared to its average volume of 1,849,783. The firm has a market capitalization of $462.01 million, a P/E ratio of -1.10 and a beta of 1.59. Community Health Systems has a 1-year low of $2.51 and a 1-year high of $6.29. The stock has a 50-day simple moving average of $3.27 and a 200-day simple moving average of $4.41.

Hedge Funds Weigh In On Community Health Systems

Several institutional investors and hedge funds have recently bought and sold shares of CYH. Signaturefd LLC acquired a new stake in shares of Community Health Systems during the third quarter worth approximately $33,000. Apollon Wealth Management LLC purchased a new position in shares of Community Health Systems during the 4th quarter valued at $60,000. CWM LLC raised its holdings in shares of Community Health Systems by 32.1% during the third quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after acquiring an additional 2,961 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Community Health Systems during the third quarter valued at $94,000. Finally, nVerses Capital LLC increased its position in Community Health Systems by 138.7% in the 3rd quarter. nVerses Capital LLC now owns 17,900 shares of the company’s stock worth $109,000 after purchasing an additional 10,400 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.