Nomura Holdings Inc. Grows Stake in Community Health Systems, Inc. $CYH

Key Points

• Nomura Holdings Inc. dramatically increased its stake in Community Health Systems, Inc. by purchasing an additional 5,737,629 shares, raising its ownership to approximately 4.12% of the company.
• Community Health Systems reported a loss of ($0.05) EPS for the last quarter, which missed the consensus estimate, though revenue increased to $3.13 billion.
• Several research analysts have adjusted their ratings for Community Health Systems, with the average price target now set at $3.58, reflecting a mix of ratings with one Buy, five Holds, and two Sells.

Nomura Holdings Inc. raised its position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 14,684.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,776,701 shares of the company's stock after purchasing an additional 5,737,629 shares during the quarter. Nomura Holdings Inc. owned 4.12% of Community Health Systems worth $15,597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in Community Health Systems during the 1st quarter valued at about $1,021,000. Russell Investments Group Ltd. increased its stake in Community Health Systems by 29.1% during the 1st quarter. Russell Investments Group Ltd. now owns 209,043 shares of the company's stock valued at $564,000 after purchasing an additional 47,067 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Community Health Systems by 6.4% during the 4th 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 purchasing an additional 18,612 shares in the last quarter. Hsbc Holdings PLC increased its stake in Community Health Systems by 9.8% during the 1st quarter. Hsbc Holdings PLC now owns 114,595 shares of the company's stock valued at $309,000 after purchasing an additional 10,184 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake 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 valued at $27,000 after purchasing an additional 6,445 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Stock Performance

Shares of NYSE CYH traded up $0.07 during trading on Friday, hitting $2.91. The company had a trading volume of 1,941,865 shares, compared to its average volume of 1,647,500. The stock has a 50 day simple moving average of $2.99 and a 200 day simple moving average of $3.08. Community Health Systems, Inc. has a 12 month low of $2.24 and a 12 month high of $6.29. The firm has a market capitalization of $407.05 million, a P/E ratio of -1.95 and a beta of 1.90.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.10). The firm had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter in the prior year, the business earned ($0.17) earnings per share. The firm's revenue for the quarter was down .2% on a year-over-year basis. Community Health Systems has set its FY 2025 guidance at -0.400--0.100 EPS. As a group, analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group lowered their target price on shares of Community Health Systems from $3.50 to $3.20 and set a "neutral" rating on the stock in a research note on Friday, July 25th. 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 report on Thursday, July 24th. 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 report on Thursday, August 14th. 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 report on Friday, July 25th. Finally, Truist Financial raised their price target on Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. One equities 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. According to data from MarketBeat.com, Community Health Systems currently 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.