Jump Financial LLC Makes New $966,000 Investment in Community Health Systems, Inc. $CYH

Key Points

• Jump Financial LLC has invested approximately $966,000 in Community Health Systems, acquiring 357,708 shares during the first quarter, representing about 0.25% of the company's stock.
• Community Health Systems' stock is currently valued at $2.76, having seen a one-year range between $2.24 and $6.29, with hedge funds owning nearly 85% of the company's shares.
• In a disappointing quarterly earnings report, the company posted an EPS of -$0.05, falling short of expectations, while revenue stood at $3.13 billion, slightly exceeding analyst predictions.

Jump Financial LLC acquired a new position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 357,708 shares of the company's stock, valued at approximately $966,000. Jump Financial LLC owned 0.25% of Community Health Systems as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of Community Health Systems by 250.0% in 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 during the last quarter. R Squared Ltd grew its position in shares of Community Health Systems by 71.6% during the 1st quarter. R Squared Ltd now owns 10,950 shares of the company's stock worth $30,000 after buying an additional 4,570 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Community Health Systems during the 4th quarter worth approximately $33,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Community Health Systems during the 1st quarter worth approximately $36,000. Finally, Red Door Wealth Management LLC grew its holdings in Community Health Systems by 30.4% during the first quarter. Red Door Wealth Management LLC now owns 30,000 shares of the company's stock valued at $81,000 after purchasing an additional 7,000 shares during the period. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CYH shares. UBS Group lowered their target price on shares of 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. Jefferies Financial Group reaffirmed a "hold" rating and issued a $3.00 target price (down previously from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. Royal Bank Of Canada lowered their target price on shares of Community Health Systems from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. Wells Fargo & Company lowered their target price on shares of Community Health Systems from $3.50 to $2.50 and set an "underweight" rating for the company in a research note on Thursday, August 14th. Finally, Truist Financial upped their price target on shares of Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Community Health Systems has an average rating of "Reduce" and an average target price of $3.58.

Community Health Systems Price Performance

Shares of Community Health Systems stock traded down $0.01 on Wednesday, hitting $2.82. The company had a trading volume of 737,395 shares, compared to its average volume of 2,769,108. The firm has a market capitalization of $394.44 million, a P/E ratio of -1.89 and a beta of 1.90. Community Health Systems, Inc. has a twelve month low of $2.24 and a twelve month high of $6.29. The stock has a 50-day moving average of $3.03 and a 200-day moving average of $3.09.

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 company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the firm earned ($0.17) EPS. The company's revenue 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. Equities analysts predict 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.