Strs Ohio Invests $289,000 in Community Health Systems, Inc. $CYH

Key Points

• Strs Ohio has invested approximately $289,000 in Community Health Systems, acquiring 107,000 shares of the company's stock during the 1st quarter.
• Institutional investors collectively own 84.99% of Community Health Systems' shares, indicating strong institutional support for the company.
• Community Health Systems reported a loss of $0.05 per share for the last quarter, missing analysts' expectations, although it achieved revenue of $3.13 billion, exceeding forecasts.

Strs Ohio acquired a new position in Community Health Systems, Inc. (NYSE:CYH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 107,000 shares of the company's stock, valued at approximately $289,000. Strs Ohio owned 0.08% of Community Health Systems as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd raised its stake in shares of Community Health Systems by 71.6% in the first quarter. R Squared Ltd now owns 10,950 shares of the company's stock worth $30,000 after buying an additional 4,570 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Community Health Systems in the first quarter worth about $36,000. Red Door Wealth Management LLC raised its stake in shares of Community Health Systems by 30.4% in the first quarter. Red Door Wealth Management LLC now owns 30,000 shares of the company's stock worth $81,000 after buying an additional 7,000 shares during the period. ProShare Advisors LLC raised its stake in shares of Community Health Systems by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 35,353 shares of the company's stock worth $106,000 after buying an additional 11,632 shares during the period. Finally, Apollon Wealth Management LLC raised its stake in Community Health Systems by 100.0% during the 1st quarter. Apollon Wealth Management LLC now owns 40,000 shares of the company's stock valued at $108,000 after purchasing an additional 20,000 shares during the period. Institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial lifted their target price 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. UBS Group decreased their target price on 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. Royal Bank Of Canada decreased their target price 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. Barclays decreased their target price on Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $3.00 target price (down previously from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $3.58.

Community Health Systems Stock Performance

Shares of Community Health Systems stock opened at $3.16 on Wednesday. The stock has a market cap of $442.08 million, a price-to-earnings ratio of -2.12 and a beta of 1.90. The stock has a 50 day moving average price of $2.87 and a 200-day moving average price of $3.05. Community Health Systems, Inc. has a one year low of $2.24 and a one year high of $6.29.

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 analysts' consensus estimates 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. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business posted ($0.17) EPS. Community Health Systems has set its FY 2025 guidance at -0.400--0.100 EPS. Sell-side analysts predict that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal 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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