Nomura Holdings Inc. Buys 5,737,629 Shares of 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. increased its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 14,684.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,776,701 shares of the company's stock after purchasing an additional 5,737,629 shares during the period. Nomura Holdings Inc. owned approximately 4.12% of Community Health Systems worth $15,597,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Community Health Systems by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,783 shares of the company's stock worth $215,000 after purchasing an additional 3,124 shares during the period. R Squared Ltd raised its stake in Community Health Systems by 71.6% during the first quarter. R Squared Ltd now owns 10,950 shares of the company's stock worth $30,000 after acquiring an additional 4,570 shares in the last quarter. State of Wyoming raised its stake in Community Health Systems by 8.9% during the fourth quarter. State of Wyoming now owns 75,698 shares of the company's stock worth $226,000 after acquiring an additional 6,207 shares in the last quarter. Tower Research Capital LLC TRC raised its stake 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 worth $27,000 after acquiring an additional 6,445 shares in the last quarter. Finally, Red Door Wealth Management LLC raised its stake 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 worth $81,000 after acquiring an additional 7,000 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

CYH has been the subject of several research analyst reports. UBS Group lowered their target price 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. Wells Fargo & Company lowered their target price on 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. Royal Bank Of Canada reduced their price target on Community Health Systems from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Friday, July 25th. Truist Financial boosted their price target on Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a report on Wednesday, July 16th. Finally, Barclays reduced their price target on 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. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $3.58.

Community Health Systems Price Performance

Shares of CYH stock opened at $2.76 on Monday. The business's 50 day simple moving average is $3.05 and its 200 day simple moving average is $3.10. Community Health Systems, Inc. has a one year low of $2.24 and a one year high of $6.29. The stock has a market capitalization of $386.03 million, a PE ratio of -1.85 and a beta of 1.90.

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 during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the firm earned ($0.17) EPS. Community Health Systems'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, research analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

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.

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