5 Cheap Penny Stocks to Buy According to Hedge Funds

4. Community Health Systems Inc (NYSE:CYH)

Number of Hedge Fund Investors: 20

Hospital healthcare services company Community Health Systems Inc (NYSE:CYH) is a Fortune 500 company whose stock was trading at around $2.63 as of December 14.

In November, Community Health Systems Inc’s (NYSE:CYH) director Wayne Smith bought 1 million shares of Community Health Systems Inc (NYSE:CYH) at $2.11 per share, worth about $2.1 million.