Community Health Systems, Inc. (NYSE:CYH) Stock Has Consensus Target Price of $2.96

Key Points

• Analysts are broadly cautious on Community Health Systems, with an average “Reduce” rating from eight firms and a consensus 12-month price target of $2.96 versus the stock’s $2.75 opening price.
• The company reported a quarterly loss of $0.19 per share, missing the $0.10-loss estimate, while revenue fell 9.8% year over year to $2.83 billion and also came in below expectations.
• Institutional investors own nearly 85% of the stock, although director William Jennings sold 40,000 shares, reducing his position by 50.98%.

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) has received an average recommendation of "Reduce" from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $2.96.

CYH has been the topic of a number of research reports. Wall Street Zen lowered shares of Community Health Systems from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. BMO Capital Markets started coverage on shares of Community Health Systems in a report on Tuesday, September 22nd. They issued a "market perform" rating and a $3.00 price target for the company. Royal Bank Of Canada decreased their price target on shares of Community Health Systems from $5.00 to $4.00 and set an "outperform" rating on the stock in a research report on Monday, July 27th. UBS Group dropped their price objective on shares of Community Health Systems from $3.20 to $3.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Community Health Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, September 16th.

Community Health Systems Stock Down 0.2%

Shares of NYSE:CYH opened at $2.75 on Monday. The company has a market cap of $388.48 million, a price-to-earnings ratio of 1.49 and a beta of 1.88. The business has a 50 day moving average price of $2.91 and a 200 day moving average price of $2.98. Community Health Systems has a twelve month low of $2.40 and a twelve month high of $4.43.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly 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 business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the firm earned ($0.05) earnings per share. The business'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. Analysts anticipate that Community Health Systems will post -0.86 EPS for the current year.

Insider Transactions at Community Health Systems

In other Community Health Systems news, Director William Jennings sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $2.96, for a total value of $118,400.00. Following the completion of the transaction, the director owned 38,468 shares of the company's stock, valued at $113,865.28. This represents a 50.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.10% of the stock is owned by corporate insiders.

Institutional Trading of Community Health Systems

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Community Health Systems in the 2nd quarter valued at $36,508,000. Bank of America Corp DE acquired a new position in shares of Community Health Systems in the 2nd quarter valued at $5,904,000. Owl Creek Asset Management L.P. lifted its holdings in shares of Community Health Systems by 65.4% during the 1st quarter. Owl Creek Asset Management L.P. now owns 2,530,622 shares of the company's stock worth $7,440,000 after acquiring an additional 1,000,862 shares during the period. Carronade Capital Management LP lifted its holdings in shares of Community Health Systems by 306.7% during the 1st quarter. Carronade Capital Management LP now owns 1,321,923 shares of the company's stock worth $3,886,000 after acquiring an additional 996,923 shares during the period. Finally, Eversept Partners LP boosted its position in shares of Community Health Systems by 14.3% during the 4th quarter. Eversept Partners LP now owns 7,943,802 shares of the company's stock valued at $24,785,000 after acquiring an additional 993,751 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Community Health Systems Company Profile

Community Health Systems, Inc is a healthcare services company that owns, leases, or operates hospitals and other healthcare facilities, primarily serving communities in non-urban and rural areas of the United States. The company is headquartered in Franklin, Tennessee, and its shares trade on the New York Stock Exchange under the symbol CYH.

CHS-affiliated facilities provide a broad range of services, including emergency care, general and specialty medical treatment, surgery, diagnostic imaging, laboratory services, rehabilitation, behavioral health, and women's and children's care.

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