1,767,619 Shares in Community Health Systems, Inc. $CYH Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 1.77 million shares of Community Health Systems during the second quarter, valued at approximately $5.9 million and representing a 1.25% stake. Institutional investors and hedge funds collectively own 84.99% of CYH.
• Community Health Systems reported a quarterly loss of $0.19 per share, missing estimates by $0.09, while revenue fell 9.8% year over year to $2.83 billion. The company issued fiscal 2026 EPS guidance of negative $1.25 to negative $1.10.
• Analyst sentiment remains cautious, with one Buy, five Hold, and two Sell ratings; the stock carries a consensus “Reduce” rating and a $2.96 target price. CYH recently traded near $2.92, while a company director sold 40,000 shares at an average price of $2.96.

Bank of America Corp DE purchased a new stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,767,619 shares of the company's stock, valued at approximately $5,904,000. Bank of America Corp DE owned 1.25% of Community Health Systems as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in Community Health Systems in the 2nd quarter valued at $45,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Community Health Systems in the 1st quarter worth $40,000. Pallas Capital Advisors LLC purchased a new stake in shares of Community Health Systems in the second quarter valued at about $74,000. Callan Family Office LLC acquired a new position in shares of Community Health Systems during the second quarter worth about $96,000. Finally, Quantbot Technologies LP purchased a new position in Community Health Systems during the second quarter worth about $110,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Stock Performance

Community Health Systems stock opened at $2.92 on Monday. Community Health Systems, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $4.43. The firm has a market capitalization of $412.45 million, a price-to-earnings ratio of 1.58 and a beta of 1.86. The stock's fifty day moving average is $2.93 and its two-hundred day moving average is $3.01.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $2.89 billion. During the same quarter in the prior year, the firm earned ($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, sell-side analysts forecast that Community Health Systems, Inc. will post -0.86 EPS for the current fiscal year.

Analyst Ratings Changes

CYH has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on Community Health Systems in a research note on Tuesday, September 22nd. They set a "market perform" rating and a $3.00 target price for the company. Weiss Ratings raised Community Health Systems from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 16th. UBS Group cut 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. Barclays decreased their target price on shares of Community Health Systems from $3.00 to $2.50 and set an "underweight" rating on the stock in a research report on Thursday, July 23rd. Finally, Wall Street Zen downgraded shares of Community Health Systems from a "hold" rating to a "sell" rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $2.96.

Insider Buying and Selling at Community Health Systems

In other Community Health Systems news, Director William Jennings sold 40,000 shares of the 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 owned 38,468 shares in the company, valued at approximately $113,865.28. This represents a 50.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.10% of the stock is currently owned by company insiders.

Community Health Systems Profile

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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