Goldman Sachs Group Inc. lessened its position in shares of Community Health Systems, Inc. (NYSE:CYH – Free Report) by 27.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,540,879 shares of the company’s stock after selling 574,431 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Community Health Systems were worth $4,160,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in CYH. Teacher Retirement System of Texas bought a new stake in Community Health Systems during the 1st quarter valued at $1,021,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Community Health Systems in the first quarter valued at $695,000. Russell Investments Group Ltd. raised its holdings in shares of Community Health Systems by 29.1% in the 1st quarter. Russell Investments Group Ltd. now owns 209,043 shares of the company’s stock worth $564,000 after purchasing an additional 47,067 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Community Health Systems by 6.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,176 shares of the company’s stock worth $921,000 after acquiring an additional 18,612 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Community Health Systems by 9.8% in the 1st quarter. Hsbc Holdings PLC now owns 114,595 shares of the company’s stock worth $309,000 after acquiring an additional 10,184 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.
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Wall Street Analyst Weigh In
CYH has been the topic of a number of recent research reports. Barclays lowered 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. Truist Financial boosted their price target on Community Health Systems from $3.50 to $4.25 and gave the stock a “hold” rating in a research report on Wednesday, July 16th. Wells Fargo & Company reduced their price target on Community Health Systems from $3.50 to $2.50 and set an “underweight” rating for the company in a research report on Thursday, August 14th. UBS Group cut their price objective on Community Health Systems from $3.50 to $3.20 and set a “neutral” rating for the company in a research report on Friday, July 25th. Finally, Royal Bank Of Canada cut their price objective on Community Health Systems from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $3.58.
Check Out Our Latest Stock Analysis on CYH
Community Health Systems Stock Performance
Community Health Systems stock opened at $2.95 on Thursday. Community Health Systems, Inc. has a 52 week low of $2.24 and a 52 week high of $6.29. The stock has a market capitalization of $413.35 million, a P/E ratio of -1.98 and a beta of 1.90. The stock has a 50-day simple moving average of $2.92 and a 200 day simple moving average of $3.05.
Community Health Systems (NYSE:CYH – Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.10). The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the business earned ($0.17) EPS. The firm’s revenue was down .2% on a year-over-year basis. Community Health Systems has set its FY 2025 guidance at -0.400–0.100 EPS. Research analysts forecast that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.
Community Health Systems Profile
(Free Report)
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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