Community Health Systems, Inc. (NYSE:CYH - Get Free Report) Director William Norris Jennings sold 40,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $2.96, for a total transaction of $118,400.00. Following the completion of the transaction, the director owned 38,468 shares of the company's stock, valued at $113,865.28. This represents a 50.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Community Health Systems Price Performance
Community Health Systems stock opened at $2.96 on Wednesday. Community Health Systems, Inc. has a 12-month low of $2.40 and a 12-month high of $4.43. The stock has a market capitalization of $418.09 million, a PE ratio of 1.60 and a beta of 1.84. The firm has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $3.08.
Community Health Systems (NYSE:CYH - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.09). Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%.The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the company earned ($0.05) earnings per share. The business's revenue for the quarter was down 9.8% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -1.250--1.100 EPS. On average, analysts forecast that Community Health Systems, Inc. will post -0.86 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on CYH shares. UBS Group lowered their target price on Community Health Systems from $3.20 to $3.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Weiss Ratings upgraded shares of Community Health Systems from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, July 2nd. Wall Street Zen cut shares of Community Health Systems from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th. Royal Bank Of Canada reduced their target price on shares of 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, Truist Financial reduced their target price on Community Health Systems from $3.75 to $3.25 and set a "hold" rating for the company in a report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $2.95.
Read Our Latest Research Report on CYH
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of CYH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Community Health Systems by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company's stock worth $202,000 after acquiring an additional 3,204 shares in the last quarter. Creative Planning lifted its position in shares of Community Health Systems by 14.1% in the second quarter. Creative Planning now owns 98,577 shares of the company's stock worth $335,000 after purchasing an additional 12,204 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Community Health Systems by 3.8% during the second quarter. Rhumbline Advisers now owns 206,497 shares of the company's stock worth $702,000 after purchasing an additional 7,549 shares during the period. Norges Bank purchased a new position in Community Health Systems during the second quarter valued at approximately $1,204,000. Finally, Marshall Wace LLP purchased a new position in Community Health Systems during the second quarter valued at approximately $321,000. Hedge funds and other institutional investors own 84.99% of the company's stock.
About Community Health Systems
(
Get Free Report)
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.
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