Jump Financial LLC Invests $966,000 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 purchased a new stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 357,708 shares of the company's stock, valued at approximately $966,000. Jump Financial LLC owned 0.25% of Community Health Systems at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new stake in Community Health Systems during the first quarter valued at about $1,021,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Community Health Systems by 6.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,176 shares of the company's stock valued at $921,000 after acquiring an additional 18,612 shares during the period. Russell Investments Group Ltd. grew its position in Community Health Systems by 29.1% during the first quarter. Russell Investments Group Ltd. now owns 209,043 shares of the company's stock valued at $564,000 after acquiring an additional 47,067 shares during the period. Tower Research Capital LLC TRC grew its position 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 valued at $27,000 after acquiring an additional 6,445 shares during the period. Finally, ProShare Advisors LLC grew its position in Community Health Systems by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 35,353 shares of the company's stock valued at $106,000 after acquiring an additional 11,632 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Community Health Systems Stock Up 1.6%

NYSE:CYH traded up $0.05 during trading hours on Thursday, reaching $2.85. 2,141,581 shares of the stock were exchanged, compared to its average volume of 1,641,983. The firm has a 50 day simple moving average of $3.00 and a 200-day simple moving average of $3.08. Community Health Systems, Inc. has a 52 week low of $2.24 and a 52 week high of $6.29. The stock has a market capitalization of $398.64 million, a P/E ratio of -1.91 and a beta of 1.90.

Community Health Systems (NYSE:CYH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.10). The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the company posted ($0.17) earnings per share. The firm'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. As a group, analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CYH shares. Barclays decreased their target price on Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. 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 report on Thursday, July 24th. Truist Financial upped 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. 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. Finally, 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. One research 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, the company has an average rating of "Reduce" and a consensus target price of $3.58.

About Community Health Systems

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.