Cubist Systematic Strategies LLC Invests $695,000 in Community Health Systems, Inc. $CYH

Key Points

• Cubist Systematic Strategies LLC has purchased 257,574 shares of Community Health Systems, Inc. for approximately $695,000, amounting to about 0.18% ownership.
• Community Health Systems reported a missed EPS estimate of ($0.05) in its recent earnings results, with revenues of $3.13 billion for the quarter.
• Research analysts have set a consensus rating of "Reduce" for Community Health Systems, with an average price target of $3.58.

Cubist Systematic Strategies LLC acquired a new position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 257,574 shares of the company's stock, valued at approximately $695,000. Cubist Systematic Strategies LLC owned about 0.18% of Community Health Systems as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CYH. Raymond James Financial Inc. purchased a new stake in Community Health Systems during the 4th quarter worth approximately $104,000. Tower Research Capital LLC TRC increased its holdings in Community Health Systems by 250.0% during 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. Price T Rowe Associates Inc. MD increased its holdings in Community Health Systems by 9.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 109,987 shares of the company's stock worth $329,000 after purchasing an additional 9,300 shares during the last quarter. Northern Trust Corp grew its position in shares of Community Health Systems by 16.8% in the 4th quarter. Northern Trust Corp now owns 1,496,316 shares of the company's stock worth $4,474,000 after acquiring an additional 214,772 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Community Health Systems in the 4th quarter worth approximately $389,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Stock Down 0.2%

Community Health Systems stock traded down $0.01 during mid-day trading on Monday, hitting $2.94. 1,008,701 shares of the company's stock traded hands, compared to its average volume of 1,462,231. The firm has a 50 day moving average price of $2.94 and a 200 day moving average price of $3.05. The company has a market cap of $411.25 million, a PE ratio of -1.97 and a beta of 1.90. Community Health Systems, Inc. has a one year low of $2.24 and a one 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) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.10). The business had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.02 billion. Community Health Systems's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. Community Health Systems has set its FY 2025 guidance at -0.400--0.100 EPS. On average, analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CYH has been the subject of several research reports. UBS Group decreased their target price 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. Wells Fargo & Company decreased their target price 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. Jefferies Financial Group reiterated a "hold" rating and issued a $3.00 target price (down previously 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 stock a "hold" rating in a research report on Wednesday, July 16th. Finally, Royal Bank Of Canada decreased 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. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target 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.