196,995 Shares in Community Health Systems, Inc. $CYH Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new stake in shares of Community Health Systems, Inc. (NYSE:CYH) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 196,995 shares of the company’s stock, valued at approximately $658,000.

A number of other hedge funds have also made changes to their positions in CYH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Community Health Systems by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock worth $202,000 after purchasing an additional 3,204 shares during the period. Lombard Odier Asset Management USA Corp lifted its position in Community Health Systems by 5.2% in the 1st quarter. Lombard Odier Asset Management USA Corp now owns 101,000 shares of the company’s stock worth $297,000 after buying an additional 5,000 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Community Health Systems by 16.1% during the 3rd quarter. Raymond James Financial Inc. now owns 37,582 shares of the company’s stock valued at $121,000 after buying an additional 5,202 shares during the period. Rhumbline Advisers increased its stake in shares of Community Health Systems by 3.8% in the second quarter. Rhumbline Advisers now owns 206,497 shares of the company’s stock worth $702,000 after acquiring an additional 7,549 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Community Health Systems by 601.9% during the fourth 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. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Community Health Systems

In related news, Director William Norris Jennings sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $2.96, for a total transaction of $118,400.00. Following the completion of the transaction, the director owned 38,468 shares of the company’s stock, valued at approximately $113,865.28. The trade was a 50.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. 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. Barclays reduced their price target on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Thursday, July 23rd. UBS Group dropped their price objective on Community Health Systems from $3.20 to $3.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Truist Financial reduced their target price 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. Finally, Wall Street Zen downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $2.95.

Community Health Systems Trading Up 0.7%

NYSE CYH opened at $2.95 on Friday. Community Health Systems, Inc. has a 1 year low of $2.40 and a 1 year high of $4.43. The company has a fifty day simple moving average of $3.13 and a 200 day simple moving average of $3.08. The company has a market cap of $415.98 million, a P/E ratio of 1.59 and a beta of 1.84.

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 negative return on equity of 6.66% and a net margin of 2.10%.The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the business earned ($0.05) EPS. The business’s 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. Equities research analysts forecast that Community Health Systems, Inc. will post -0.86 EPS for the current fiscal 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.