Aberdeen Group plc Raises Stock Holdings in Community Health Systems, Inc. $CYH

Key Points

• Aberdeen Group plc significantly increased its holdings in Community Health Systems, Inc., acquiring an additional 504,377 shares, bringing its total ownership to 592,712 shares valued at approximately $1.6 million.
• Community Health Systems recently reported a loss of $0.05 per share for the last quarter, missing analyst expectations, while revenue was $3.13 billion, slightly above forecasts.
• Wall Street analysts have mixed opinions on the stock, with price targets adjusted downwards; the consensus rating for Community Health Systems is currently "Reduce" with a price target of $3.58.

Aberdeen Group plc boosted its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 571.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 592,712 shares of the company's stock after buying an additional 504,377 shares during the period. Aberdeen Group plc owned approximately 0.42% of Community Health Systems worth $1,600,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CYH. Apollo Management Holdings L.P. raised its holdings in Community Health Systems by 20.5% in the 4th quarter. Apollo Management Holdings L.P. now owns 6,689,741 shares of the company's stock valued at $20,002,000 after buying an additional 1,138,596 shares during the period. Whitebox Advisors LLC grew its position in Community Health Systems by 57.2% in the 4th quarter. Whitebox Advisors LLC now owns 2,300,111 shares of the company's stock valued at $6,877,000 after acquiring an additional 837,338 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in Community Health Systems in the 4th quarter valued at about $2,392,000. Voleon Capital Management LP acquired a new position in Community Health Systems in the 4th quarter valued at about $2,096,000. Finally, Teacher Retirement System of Texas acquired a new position in Community Health Systems in the 1st quarter valued at about $1,021,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Stock Up 3.1%

CYH traded up $0.09 on Wednesday, reaching $2.81. The company's stock had a trading volume of 2,091,507 shares, compared to its average volume of 2,053,159. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The stock has a 50 day moving average of $3.07 and a two-hundred day moving average of $3.11. The company has a market capitalization of $393.04 million, a price-to-earnings ratio of -1.88 and a beta of 1.86.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.10). The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the company posted ($0.17) EPS. The company's revenue was down .2% compared to the same quarter last year. Community Health Systems has set its FY 2025 guidance at -0.400--0.100 EPS. As a group, analysts anticipate that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CYH shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a $3.00 target price (down from $4.25) on shares of Community Health Systems in a research report on Thursday, July 24th. Truist Financial lifted their target price on Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada dropped their target price on Community Health Systems from $6.00 to $5.00 and set an "outperform" rating for the company in a research report on Friday, July 25th. UBS Group lowered their price objective on Community Health Systems from $3.50 to $3.20 and set a "neutral" rating for the company in a research report on Friday, July 25th. Finally, Wells Fargo & Company lowered their price objective on Community Health Systems from $3.50 to $2.50 and set an "underweight" rating for the company in a research report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Community Health Systems presently has a consensus rating of "Reduce" and a consensus target price of $3.58.

Community Health Systems Company Profile

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.