Community Health Systems (NYSE:CYH) Director Sells $118,400.00 in Stock

Community Health Systems, Inc. (NYSE:CYH) Director William Norris Jennings sold 40,000 shares of Community Health Systems stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $2.96, for a total value of $118,400.00. Following the completion of the transaction, the director owned 38,468 shares in the company, valued at $113,865.28. The trade was a 50.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Community Health Systems Stock Up 0.5%

Shares of NYSE CYH opened at $2.94 on Friday. Community Health Systems, Inc. has a 12 month low of $2.40 and a 12 month high of $4.43. The company has a market cap of $413.86 million, a price-to-earnings ratio of 1.59 and a beta of 1.84. The business has a fifty day simple moving average of $3.13 and a 200-day simple moving average of $3.08.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.09). Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the company posted ($0.05) EPS. The firm’s revenue was down 9.8% compared to the same quarter last year. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. As a group, sell-side analysts expect that Community Health Systems, Inc. will post -0.86 EPS for the current fiscal year.

Institutional Trading of Community Health Systems

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Community Health Systems by 601.9% in the fourth quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after acquiring an additional 7,963 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Community Health Systems in the 4th quarter valued at $34,000. Valeo Financial Advisors LLC bought a new stake in Community Health Systems in the fourth quarter worth $39,000. Quarry LP acquired a new position in Community Health Systems during the third quarter worth $39,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Community Health Systems during the first quarter valued at about $40,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CYH has been the subject of a number of research reports. Weiss Ratings upgraded Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Wall Street Zen downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Truist Financial decreased their target price on shares of Community Health Systems from $3.75 to $3.25 and set a “hold” rating for the company in a research note on Monday, July 27th. Royal Bank Of Canada cut their price objective on Community Health Systems from $5.00 to $4.00 and set an “outperform” rating for the company in a report on Monday, July 27th. Finally, Barclays lowered their target price on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating on the stock in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $2.95.

About Community Health Systems

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.