Eversept Partners LP Acquires 993,751 Shares of Community Health Systems, Inc. $CYH

Eversept Partners LP boosted its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,943,802 shares of the company’s stock after acquiring an additional 993,751 shares during the period. Community Health Systems comprises about 1.2% of Eversept Partners LP’s portfolio, making the stock its 16th largest position. Eversept Partners LP owned approximately 5.73% of Community Health Systems worth $24,785,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of Community Health Systems by 601.9% in the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock valued at $29,000 after buying an additional 7,963 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Community Health Systems in the 4th quarter valued at about $34,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Community Health Systems in the 4th quarter valued at about $35,000. Valeo Financial Advisors LLC bought a new stake in shares of Community Health Systems in the 4th quarter valued at about $39,000. Finally, Quarry LP bought a new stake in shares of Community Health Systems in the 3rd quarter valued at about $39,000. 84.99% of the stock is currently owned by institutional investors.

Community Health Systems Stock Down 4.3%

CYH stock opened at $3.01 on Thursday. The firm has a 50 day moving average of $2.90 and a 200 day moving average of $3.13. The stock has a market capitalization of $423.46 million, a PE ratio of 0.88 and a beta of 1.86. Community Health Systems, Inc. has a 52 week low of $2.38 and a 52 week high of $4.43.

Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, April 21st. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30). The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.89 billion. Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.03) earnings per share. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. On average, equities research analysts expect that Community Health Systems, Inc. will post -0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Truist Financial lowered their price target on shares of Community Health Systems from $3.50 to $3.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. UBS Group raised their price target on shares of Community Health Systems from $3.60 to $3.70 and gave the company a “neutral” rating in a report on Friday, February 20th. Zacks Research cut shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, Barclays lowered their price target on shares of Community Health Systems from $3.50 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $3.28.

Community Health Systems 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.