Apollo Management Holdings L.P. Has $20.60 Million Holdings in Community Health Systems, Inc. $CYH

Key Points

• Apollo Management Holdings L.P. has increased its stake in Community Health Systems, owning approximately 7.63 million shares valued at $20.60 million, representing 5.44% of the company.
• Community Health Systems reported a loss of $0.05 EPS in its most recent quarter, missing the consensus estimate, while revenue was $3.13 billion, exceeding expectations.
• A number of analysts have adjusted their price targets for Community Health Systems, with Jefferies setting a target of $3.00 and Wells Fargo reducing it to $2.50.

Apollo Management Holdings L.P. lifted its holdings in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 14.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,628,576 shares of the company's stock after acquiring an additional 938,835 shares during the quarter. Community Health Systems comprises approximately 0.4% of Apollo Management Holdings L.P.'s holdings, making the stock its 18th biggest holding. Apollo Management Holdings L.P. owned approximately 5.44% of Community Health Systems worth $20,597,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CYH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Community Health Systems by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,783 shares of the company's stock valued at $215,000 after purchasing an additional 3,124 shares in the last quarter. R Squared Ltd grew its position in shares of Community Health Systems by 71.6% during the 1st quarter. R Squared Ltd now owns 10,950 shares of the company's stock valued at $30,000 after buying an additional 4,570 shares during the last quarter. State of Wyoming grew its position in Community Health Systems by 8.9% in the 4th quarter. State of Wyoming now owns 75,698 shares of the company's stock worth $226,000 after purchasing an additional 6,207 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock worth $27,000 after purchasing an additional 6,445 shares during the last quarter. Finally, Red Door Wealth Management LLC grew its position in Community Health Systems by 30.4% in the 1st quarter. Red Door Wealth Management LLC now owns 30,000 shares of the company's stock worth $81,000 after purchasing an additional 7,000 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Community Health Systems Trading Up 2.3%

CYH stock traded up $0.07 during midday trading on Friday, reaching $2.91. The company had a trading volume of 1,941,865 shares, compared to its average volume of 1,647,500. Community Health Systems, Inc. has a 1 year low of $2.24 and a 1 year high of $6.29. The company has a market capitalization of $407.05 million, a P/E ratio of -1.95 and a beta of 1.90. The company has a 50 day moving average of $2.99 and a two-hundred day moving average of $3.08.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on CYH. Jefferies Financial Group reaffirmed a "hold" rating and issued a $3.00 price target (down from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. Wells Fargo & Company reduced their target price on shares of Community Health Systems from $3.50 to $2.50 and set an "underweight" rating for the company in a report on Thursday, August 14th. Barclays reduced their target price on shares of Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Royal Bank Of Canada reduced their target price on shares of Community Health Systems from $6.00 to $5.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Finally, UBS Group reduced their target price on shares of Community Health Systems from $3.50 to $3.20 and set a "neutral" rating for the company in a report on Friday, July 25th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Community Health Systems has an average rating of "Reduce" and an average target price of $3.58.

Community Health Systems 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.