5 Most Undervalued Penny Stocks To Invest In

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

Number of Hedge Fund Holders: 22

Community Health Systems, Inc. (NYSE:CYH) is a notable stock that is undervalued based on its PE ratio and is popular among smart money investors. As of the end of the second quarter of 2023, 22 hedge funds tracked by Insider Monkey had stakes in Community Health Systems, Inc. (NYSE:CYH). The biggest stakeholder of Community Health Systems, Inc. (NYSE:CYH) was Kamran Moghtaderi’s Eversept Partners which owns a $32 million stake in the company.

Earlier this month, Community Health Systems, Inc. (NYSE:CYH) posted Q2 results. Adjusted EPS in the quarter came in at -$0.22 beating estimates by $0.04. Revenue in the quarter jumped 6.5% year over year to $3.12 billion, surpassing estimates by $80 million.

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