Nuveen LLC Purchases New Stake in Community Health Systems, Inc. $CYH

Key Points

• Nuveen LLC acquired a new position in Community Health Systems, purchasing 160,384 shares valued at approximately $433,000, bringing its ownership to 0.11% of the company.
• Community Health Systems reported a quarterly earnings miss of ($0.05) per share, alongside revenue of $3.13 billion, which marks a 0.2% decline year-over-year.
• Wall Street analysts have mixed views on the stock, with Jefferies Financial Group setting a price target of $3.00, while Royal Bank Of Canada has an objective of $5.00, reflecting varying expectations about the company's performance.

Nuveen LLC bought a new position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 160,384 shares of the company's stock, valued at approximately $433,000. Nuveen LLC owned 0.11% of Community Health Systems as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Community Health Systems by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,038 shares of the company's stock worth $6,677,000 after buying an additional 244,721 shares during the last quarter. Northern Trust Corp grew its holdings in Community Health Systems by 16.8% during the fourth quarter. Northern Trust Corp now owns 1,496,316 shares of the company's stock valued at $4,474,000 after purchasing an additional 214,772 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Community Health Systems by 8.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,413,077 shares of the company's stock worth $3,815,000 after purchasing an additional 112,741 shares during the period. Federated Hermes Inc. boosted its position in shares of Community Health Systems by 8.7% during the first quarter. Federated Hermes Inc. now owns 887,344 shares of the company's stock worth $2,396,000 after purchasing an additional 71,357 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Community Health Systems in the 1st quarter valued at $1,021,000. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Trading Down 2.5%

Shares of NYSE:CYH traded down $0.08 during trading on Wednesday, hitting $2.93. 1,504,001 shares of the company were exchanged, compared to its average volume of 1,595,769. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The stock has a market cap of $409.85 million, a price-to-earnings ratio of -1.96 and a beta of 1.90. The firm has a fifty day moving average price of $2.96 and a two-hundred day moving average price of $3.07.

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 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 in the previous year, the company earned ($0.17) earnings per share. The company's quarterly 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 predict that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CYH shares. Royal Bank Of Canada lowered their price target 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. UBS Group dropped their price objective on shares of Community Health Systems from $3.50 to $3.20 and set a "neutral" rating on the stock in a report on Friday, July 25th. Wells Fargo & Company reduced 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. Truist Financial lifted their price target on Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a research note 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 for the company in a research report on Thursday, July 24th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price 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.