Community Health Systems, Inc. $CYH Shares Sold by DG Capital Management LLC

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 cut its position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,372,934 shares of the company's stock after selling 129,577 shares during the quarter. Community Health Systems comprises about 3.2% of DG Capital Management LLC's holdings, making the stock its 10th largest position. DG Capital Management LLC owned 2.40% of Community Health Systems worth $9,107,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in Community Health Systems by 250.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock worth $27,000 after acquiring an additional 6,445 shares in the last quarter. R Squared Ltd boosted its stake in Community Health Systems by 71.6% during the first quarter. R Squared Ltd now owns 10,950 shares of the company's stock worth $30,000 after acquiring an additional 4,570 shares in the last quarter. Two Sigma Securities LLC bought a new position in Community Health Systems during the fourth quarter worth $33,000. Harbor Capital Advisors Inc. bought a new position in Community Health Systems during the first quarter worth $36,000. Finally, Canada Pension Plan Investment Board bought a new position in Community Health Systems during the fourth quarter worth $54,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on CYH shares. Jefferies Financial Group reissued a "hold" rating and set a $3.00 target price (down from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. UBS Group cut their target price on shares of Community Health Systems from $3.50 to $3.20 and set a "neutral" rating on the stock in a research note on Friday, July 25th. Truist Financial raised their price objective on shares of Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada dropped their price objective on shares of Community Health Systems from $6.00 to $5.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th. Finally, Barclays dropped their price objective on shares of Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $3.58.

Community Health Systems Trading Up 3.2%

Community Health Systems stock opened at $2.7550 on Friday. The firm's fifty day moving average price is $3.10 and its two-hundred day moving average price is $3.12. The firm has a market capitalization of $386.03 million, a price-to-earnings ratio of -1.85 and a beta of 1.86. Community Health Systems, Inc. has a 1-year low of $2.24 and a 1-year high of $6.29.

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

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.

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