Nuveen LLC Purchases Shares of 160,384 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 acquired a new stake in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 160,384 shares of the company's stock, valued at approximately $433,000. Nuveen LLC owned about 0.11% of Community Health Systems at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CYH. Raymond James Financial Inc. bought a new position in Community Health Systems in the fourth quarter valued at about $104,000. Dimensional Fund Advisors LP lifted its holdings in Community Health Systems by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,038 shares of the company's stock valued at $6,677,000 after acquiring an additional 244,721 shares during the period. MetLife Investment Management LLC lifted its holdings in Community Health Systems by 19.0% in the fourth quarter. MetLife Investment Management LLC now owns 84,258 shares of the company's stock valued at $252,000 after acquiring an additional 13,449 shares during the period. Tower Research Capital LLC TRC lifted its holdings in 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 valued at $27,000 after acquiring an additional 6,445 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Community Health Systems by 12.6% in the fourth quarter. Hsbc Holdings PLC now owns 104,411 shares of the company's stock valued at $312,000 after acquiring an additional 11,694 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Price Performance

Shares of NYSE:CYH traded up $0.07 during trading on Friday, hitting $2.91. 1,941,865 shares of the company's stock were exchanged, compared to its average volume of 1,647,500. Community Health Systems, Inc. has a 52-week low of $2.24 and a 52-week high of $6.29. The business's 50-day simple moving average is $2.99 and its 200 day simple moving average is $3.08. The company has a market cap of $407.05 million, a price-to-earnings ratio of -1.95 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) earnings per share (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 analysts' expectations of $3.02 billion. During the same period in the prior year, the company earned ($0.17) EPS. 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. On average, sell-side analysts anticipate that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group lowered their target price on Community Health Systems from $3.50 to $3.20 and set a "neutral" rating on the stock in a report on Friday, July 25th. Truist Financial increased their target price on Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a report on Wednesday, July 16th. Wells Fargo & Company decreased their price objective on Community Health Systems from $3.50 to $2.50 and set an "underweight" rating on the stock in a research note on Thursday, August 14th. Royal Bank Of Canada decreased their price objective on Community Health Systems from $6.00 to $5.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $3.00 price objective (down previously from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average 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.