Jones Road Capital Management L.P. Increases Stock Position in Community Health Systems, Inc. $CYH

Key Points

• Jones Road Capital Management L.P. increased its stake in Community Health Systems by 73.6% in the first quarter, now owning 286,000 shares valued at approximately $772,000.
• Community Health Systems has received mixed ratings from analysts, with price targets being lowered by several brokerages, resulting in a consensus target of $3.58.
• The company reported ( $0.05) earnings per share in its latest quarter, missing the analysts' expectations and indicating a slight decline in revenue year-over-year.

Jones Road Capital Management L.P. boosted its stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 73.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,000 shares of the company's stock after buying an additional 121,268 shares during the quarter. Community Health Systems makes up 0.5% of Jones Road Capital Management L.P.'s portfolio, making the stock its 19th largest position. Jones Road Capital Management L.P. owned 0.20% of Community Health Systems worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of CYH. Apollo Management Holdings L.P. raised its stake in shares of Community Health Systems by 20.5% during the fourth quarter. Apollo Management Holdings L.P. now owns 6,689,741 shares of the company's stock valued at $20,002,000 after acquiring an additional 1,138,596 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Community Health Systems by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company's stock worth $8,402,000 after buying an additional 9,772 shares during the period. Penn Capital Management Company LLC grew its position in shares of Community Health Systems by 13.6% during the 4th quarter. Penn Capital Management Company LLC now owns 2,372,280 shares of the company's stock worth $7,093,000 after buying an additional 283,398 shares in the last quarter. Whitebox Advisors LLC increased its stake in shares of Community Health Systems by 57.2% during the fourth quarter. Whitebox Advisors LLC now owns 2,300,111 shares of the company's stock valued at $6,877,000 after buying an additional 837,338 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings 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 valued at $6,677,000 after acquiring an additional 244,721 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CYH has been the topic of a number of research reports. Barclays cut their target price 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. Truist Financial boosted their price objective on shares of Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada lowered their target price on Community Health Systems from $6.00 to $5.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Jefferies Financial Group reiterated a "hold" rating and issued a $3.00 price target (down from $4.25) on shares of Community Health Systems in a report on Thursday, July 24th. Finally, UBS Group decreased their price objective on Community Health Systems from $3.50 to $3.20 and set a "neutral" rating for the company in a research note 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. Based on data from MarketBeat, Community Health Systems has an average rating of "Reduce" and a consensus target price of $3.58.

Community Health Systems Stock Performance

CYH stock traded down $0.0350 on Monday, hitting $2.7250. 226,863 shares of the company's stock were exchanged, compared to its average volume of 2,816,539. The firm has a 50 day moving average price of $3.10 and a two-hundred day moving average price of $3.12. Community Health Systems, Inc. has a 12-month low of $2.24 and a 12-month high of $6.29. The stock has a market cap of $381.83 million, a P/E ratio of -1.83 and a beta of 1.86.

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 the consensus estimate of $0.05 by ($0.10). The company had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter last year, the firm posted ($0.17) earnings per share. Community Health Systems'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. Sell-side analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal 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.