DG Capital Management LLC Has $9.11 Million Stock Holdings in Community Health Systems, Inc. $CYH

Key Points

• DG Capital Management LLC reduced its stake in Community Health Systems by 3.7%, now holding approximately 3.2% of the company's shares, worth about $9.1 million.
• Community Health Systems faced earnings challenges, reporting an EPS of -$0.05 for the last quarter, missing expectations by $0.10, although revenue slightly exceeded estimates at $3.13 billion.
• Analyst ratings on Community Health Systems reflect caution, with a consensus target price of $3.58 and a majority holding "hold" ratings among analysts.

DG Capital Management LLC lowered its position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 3.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,372,934 shares of the company's stock after selling 129,577 shares during the period. Community Health Systems comprises about 3.2% of DG Capital Management LLC's portfolio, making the stock its 10th biggest position. DG Capital Management LLC owned about 2.40% of Community Health Systems worth $9,107,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CYH. Penn Capital Management Company LLC lifted its holdings in Community Health Systems by 8.6% during the 1st quarter. Penn Capital Management Company LLC now owns 2,576,479 shares of the company's stock worth $6,964,000 after buying an additional 204,199 shares during the period. Jump Financial LLC acquired a new position in Community Health Systems during the 1st quarter worth about $966,000. Jones Road Capital Management L.P. lifted its holdings in Community Health Systems by 73.6% during the 1st quarter. Jones Road Capital Management L.P. now owns 286,000 shares of the company's stock worth $772,000 after buying an additional 121,268 shares during the period. Hsbc Holdings PLC lifted its holdings in Community Health Systems by 9.8% during the 1st quarter. Hsbc Holdings PLC now owns 114,595 shares of the company's stock worth $309,000 after buying an additional 10,184 shares during the period. Finally, Aberdeen Group plc lifted its holdings in Community Health Systems by 571.0% during the 1st quarter. Aberdeen Group plc now owns 592,712 shares of the company's stock worth $1,600,000 after buying an additional 504,377 shares during the period. Institutional investors own 84.99% of the company's stock.

Community Health Systems Trading Down 2.0%

CYH stock traded down $0.06 during trading on Friday, reaching $2.75. 318,883 shares of the stock were exchanged, compared to its average volume of 2,784,063. The firm's 50 day moving average is $3.06 and its 200 day moving average is $3.10. Community Health Systems, Inc. has a twelve month low of $2.24 and a twelve month high of $6.29. The firm has a market cap of $384.63 million, a P/E ratio of -1.84 and a beta of 1.86.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the business posted ($0.17) earnings per share. The business's revenue for the quarter 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 predict that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group cut their target price on Community Health Systems from $3.50 to $3.20 and set a "neutral" rating on the stock in a report on Friday, July 25th. Barclays cut their target price on Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Truist Financial boosted their price objective on Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Jefferies Financial Group reissued a "hold" rating and issued a $3.00 price objective (down from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. Finally, Wells Fargo & Company dropped their price objective on Community Health Systems from $3.50 to $2.50 and set an "underweight" rating on the stock in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $3.58.

About Community Health Systems

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.