Ieq Capital LLC Purchases New Position in Community Health Systems, Inc. $CYH

Ieq Capital LLC acquired a new position in Community Health Systems, Inc. (NYSE:CYH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 196,995 shares of the company’s stock, valued at approximately $658,000. Ieq Capital LLC owned approximately 0.14% of Community Health Systems as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Carronade Capital Management LP lifted its holdings in Community Health Systems by 306.7% in the first quarter. Carronade Capital Management LP now owns 1,321,923 shares of the company’s stock worth $3,886,000 after acquiring an additional 996,923 shares during the last quarter. Whitebox Advisors LLC increased its stake in shares of Community Health Systems by 42.1% in the first quarter. Whitebox Advisors LLC now owns 3,127,884 shares of the company’s stock valued at $9,196,000 after purchasing an additional 926,364 shares during the period. Eversept Partners LP boosted its position in Community Health Systems by 9.2% during the 1st quarter. Eversept Partners LP now owns 8,677,281 shares of the company’s stock worth $25,511,000 after acquiring an additional 733,479 shares during the period. Saba Capital Management L.P. lifted its holdings in Community Health Systems by 219.8% in the first quarter. Saba Capital Management L.P. now owns 1,281,839 shares of the company’s stock worth $3,769,000 after purchasing an additional 881,031 shares during the period. Finally, Owl Creek Asset Management L.P. increased its stake in Community Health Systems by 65.4% during the 1st quarter. Owl Creek Asset Management L.P. now owns 2,530,622 shares of the company’s stock valued at $7,440,000 after buying an additional 1,000,862 shares during the period. 84.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CYH shares. Truist Financial decreased their price objective on shares of Community Health Systems from $3.75 to $3.25 and set a “hold” rating for the company in a report on Monday, July 27th. Wall Street Zen downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Weiss Ratings raised Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. UBS Group dropped their price objective on Community Health Systems from $3.20 to $3.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Finally, Barclays cut their price objective on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $2.95.

Insider Buying and Selling at Community Health Systems

In other news, Director William Norris Jennings sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $2.96, for a total transaction of $118,400.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.10% of the stock is currently owned by company insiders.

Community Health Systems Stock Up 0.7%

Shares of NYSE CYH opened at $2.95 on Friday. Community Health Systems, Inc. has a 52-week low of $2.40 and a 52-week high of $4.43. The stock has a market capitalization of $415.98 million, a price-to-earnings ratio of 1.59 and a beta of 1.84. The stock’s fifty day simple moving average is $3.13 and its 200 day simple moving average is $3.08.

Community Health Systems (NYSE:CYH) last released its quarterly 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). The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.89 billion. Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. As a group, analysts anticipate that Community Health Systems, Inc. will post -0.86 earnings per share for the current year.

Community Health Systems Company Profile

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.