Eversept Partners LP Boosts Position in Community Health Systems, Inc. $CYH

Eversept Partners LP boosted its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 14.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,943,802 shares of the company’s stock after purchasing an additional 993,751 shares during the quarter. Community Health Systems comprises 1.2% of Eversept Partners LP’s portfolio, making the stock its 16th biggest position. Eversept Partners LP owned about 0.06% of Community Health Systems worth $24,785,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada raised its position in Community Health Systems by 601.9% during the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after buying an additional 7,963 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Community Health Systems during the 4th quarter worth approximately $34,000. Wealthcare Advisory Partners LLC purchased a new position in Community Health Systems during the 4th quarter worth approximately $35,000. Quarry LP purchased a new position in shares of Community Health Systems during the 3rd quarter valued at approximately $39,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Community Health Systems during the 4th quarter valued at approximately $39,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. UBS Group lifted their target price on shares of Community Health Systems from $3.60 to $3.70 and gave the company a “neutral” rating in a report on Friday, February 20th. Truist Financial cut their target price on shares of Community Health Systems from $3.50 to $3.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Weiss Ratings lowered shares of Community Health Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. Finally, Zacks Research lowered shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $3.28.

Community Health Systems Stock Performance

Community Health Systems stock opened at $3.01 on Thursday. The company’s fifty day moving average price is $2.90 and its 200 day moving average price is $3.13. Community Health Systems, Inc. has a 1 year low of $2.38 and a 1 year high of $4.43. The stock has a market capitalization of $423.46 million, a P/E ratio of 0.88 and a beta of 1.86.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Tuesday, April 21st. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30). Community Health Systems had a net margin of 3.78% and a negative return on equity of 7.62%. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the business posted ($0.03) EPS. Community Health Systems’s revenue was down 6.1% compared to the same quarter last year. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. Sell-side analysts predict that Community Health Systems, Inc. will post -0.58 EPS for the current year.

Community Health Systems Company Profile

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.