Invesco Ltd. Sells 128,896 Shares of Community Health Systems, Inc. $CYH

Key Points

• Invesco Ltd. reduced its stake in Community Health Systems, Inc. by 12.4% during Q1, owning 912,414 shares after selling 128,896 shares.
• Community Health Systems reported (0.05) earnings per share for the latest quarter, missing the consensus estimate, while revenue was $3.13 billion, slightly exceeding expectations.
• As per recent analyst ratings, the stock has an average rating of "Reduce" with a revised average target price of $3.58.

Invesco Ltd. lessened its holdings in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 12.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 912,414 shares of the company's stock after selling 128,896 shares during the quarter. Invesco Ltd. owned approximately 0.65% of Community Health Systems worth $2,464,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in shares of Community Health Systems by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,038 shares of the company's stock worth $6,677,000 after acquiring an additional 244,721 shares in the last quarter. Northern Trust Corp boosted its holdings 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 valued at $4,474,000 after buying an additional 214,772 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Community Health Systems by 8.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,413,077 shares of the company's stock valued at $3,815,000 after buying an additional 112,741 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Community Health Systems by 8.7% in the 1st quarter. Federated Hermes Inc. now owns 887,344 shares of the company's stock valued at $2,396,000 after buying an additional 71,357 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new position in shares of Community Health Systems in the 4th quarter valued at about $2,392,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Community Health Systems Price Performance

Community Health Systems stock traded up $0.05 during trading hours on Thursday, hitting $2.85. The company had a trading volume of 2,141,581 shares, compared to its average volume of 1,641,983. The firm has a market capitalization of $398.64 million, a P/E ratio of -1.91 and a beta of 1.90. The firm's fifty day moving average is $3.00 and its 200-day moving average is $3.08. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $3.02 billion. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.17) EPS. Community Health Systems has set its FY 2025 guidance at -0.400--0.100 EPS. Analysts anticipate that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

CYH has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Community Health Systems from $3.50 to $3.20 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Jefferies Financial Group restated a "hold" rating and set a $3.00 price target (down from $4.25) on shares of Community Health Systems in a research report on Thursday, July 24th. Barclays dropped their price target on shares of Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. Royal Bank Of Canada dropped their price target on shares of Community Health Systems from $6.00 to $5.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. Finally, Wells Fargo & Company dropped their price target on shares of Community Health Systems from $3.50 to $2.50 and set an "underweight" rating on the stock 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, Community Health Systems presently has a consensus rating of "Reduce" and a consensus 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.