Community Health Systems (NYSE:CYH) Director William Norris Jennings Sells 40,000 Shares of Stock

Community Health Systems, Inc. (NYSE:CYH) Director William Norris Jennings sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $2.96, for a total transaction of $118,400.00. Following the sale, the director directly owned 38,468 shares of the company’s stock, valued at approximately $113,865.28. This trade represents a 50.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Community Health Systems Price Performance

Shares of CYH opened at $2.96 on Wednesday. Community Health Systems, Inc. has a 12 month low of $2.40 and a 12 month high of $4.43. The stock has a market cap of $418.09 million, a PE ratio of 1.60 and a beta of 1.84. The stock’s 50-day moving average is $3.14 and its two-hundred day moving average is $3.08.

Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, July 22nd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the business posted ($0.05) earnings per share. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. On average, research analysts anticipate that Community Health Systems, Inc. will post -0.86 earnings per share for the current year.

Institutional Trading of Community Health Systems

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Community Health Systems by 601.9% in the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after acquiring an additional 7,963 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Community Health Systems during the fourth quarter worth about $34,000. Valeo Financial Advisors LLC acquired a new stake in shares of Community Health Systems in the 4th quarter worth about $39,000. Quarry LP bought a new stake in Community Health Systems in the 3rd quarter valued at about $39,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Community Health Systems in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

CYH has been the subject of a number of analyst reports. Wall Street Zen cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Royal Bank Of Canada cut their price target 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. Truist Financial lowered their price objective on 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. UBS Group decreased their price target on shares of 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, Weiss Ratings raised shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Community Health Systems presently has an average rating of “Reduce” and a consensus price target of $2.95.

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.