5 52-Week Low Stocks to Buy Now

2. Community Health Systems, Inc. (NYSE:CYH)

Number of Hedge Fund Holders: 25

52-Week Low as of August 1: $3.03

Community Health Systems, Inc. (NYSE:CYH) was founded in 1985 and is headquartered in Franklin, Tennessee. The company operates general acute care hospitals in the United States, offering emergency rooms, general and specialty surgery, critical care, internal medicine, obstetrics, and rehabilitation services. On July 29, Oppenheimer analyst Michael Wiederhorn reiterated an Outperform rating on Community Health Systems, Inc. (NYSE:CYH) but lowered the firm’s price target on the stock to $6 from $16. The company’s disappointing results were due to a weak top-line, driven by soft non-COVID volumes in the first half of Q2, and the company also continued to see slower improvements on the labor front, the analyst told investors in a research note. The analyst continues to have faith in Community Health Systems, Inc. (NYSE:CYH)’s longer-term outlook.

Among the hedge funds tracked by Insider Monkey, 25 funds reported owning stakes in Community Health Systems, Inc. (NYSE:CYH) at the end of the first quarter of 2022, compared to 28 funds in the last quarter. Eversept Partners is the largest stakeholder of the company, with 7.12 million shares worth $84.6 million.