BMO Capital Markets upgraded shares of Community Health Systems (NYSE:CYH – Free Report) to a hold rating in a research note issued to investors on Tuesday morning,Zacks reports.
CYH has been the topic of several other reports. Royal Bank Of Canada lowered their target price on Community Health Systems from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Weiss Ratings raised Community Health Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th. Wall Street Zen downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. UBS Group lowered their price objective on Community Health Systems from $3.20 to $3.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Truist Financial dropped their price objective on shares of Community Health Systems from $3.75 to $3.25 and set a “hold” rating for the company in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Community Health Systems currently has an average rating of “Reduce” and a consensus target price of $2.96.
Read Our Latest Report on Community Health Systems
Community Health Systems Stock Performance
Community Health Systems (NYSE:CYH – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the company posted ($0.05) earnings per share. Community Health Systems’s quarterly revenue was down 9.8% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. As a group, equities analysts expect that Community Health Systems will post -0.86 earnings per share for the current year.
Insider Transactions at Community Health Systems
In other news, Director William Jennings sold 40,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $2.96, for a total value of $118,400.00. Following the completion of the sale, the director owned 38,468 shares of the company’s stock, valued at $113,865.28. This represents a 50.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.10% of the stock is currently owned by corporate insiders.
Institutional Trading of Community Health Systems
Several large investors have recently bought and sold shares of the company. Apollo Management Holdings L.P. boosted its stake in shares of Community Health Systems by 3.2% in the second quarter. Apollo Management Holdings L.P. now owns 11,859,526 shares of the company’s stock valued at $39,611,000 after purchasing an additional 370,210 shares during the period. BlackRock Inc. bought a new stake in shares of Community Health Systems in the 2nd quarter worth about $36,508,000. Eversept Partners LP raised its stake in shares of Community Health Systems by 9.2% in the 1st quarter. Eversept Partners LP now owns 8,677,281 shares of the company’s stock valued at $25,511,000 after purchasing an additional 733,479 shares in the last quarter. Whitebox Advisors LLC lifted its position in shares of Community Health Systems by 42.1% during the first quarter. Whitebox Advisors LLC now owns 3,127,884 shares of the company’s stock worth $9,196,000 after purchasing an additional 926,364 shares during the last quarter. Finally, Owl Creek Asset Management L.P. grew its stake in Community Health Systems by 65.4% in the first quarter. Owl Creek Asset Management L.P. now owns 2,530,622 shares of the company’s stock worth $7,440,000 after purchasing an additional 1,000,862 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
About Community Health Systems
Community Health Systems, Inc (NYSE: CYH) is a healthcare services company that owns, leases, or operates general acute-care hospitals and related healthcare facilities in communities across the United States. The company focuses primarily on serving non-urban and rural markets, providing access to hospital-based and outpatient care.
Its services generally include emergency care, inpatient and outpatient surgery, diagnostic imaging, laboratory services, cardiology, orthopedics, women’s health, rehabilitation, behavioral health, and other medical services.
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