Helix Partners Management LP Buys Shares of 400,000 Community Health Systems, Inc. $CYH

Helix Partners Management LP purchased a new position in shares of Community Health Systems, Inc. (NYSE:CYH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $1,336,000,000. Community Health Systems comprises approximately 0.2% of Helix Partners Management LP’s portfolio, making the stock its 9th largest position.

A number of other hedge funds have also made changes to their positions in CYH. Royal Bank of Canada lifted its holdings in Community Health Systems by 601.9% in the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after purchasing an additional 7,963 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Community Health Systems during the fourth quarter worth approximately $34,000. Valeo Financial Advisors LLC acquired a new position in Community Health Systems during the fourth quarter valued at approximately $39,000. Quarry LP bought a new position in shares of Community Health Systems in the third quarter valued at approximately $39,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Community Health Systems in the first quarter worth $40,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CYH shares. Truist Financial lowered their target price on shares of Community Health Systems from $3.75 to $3.25 and set a “hold” rating on the stock in a research note on Monday, July 27th. Royal Bank Of Canada lowered their price target on Community Health Systems from $5.00 to $4.00 and set an “outperform” rating on the stock in a research report on Monday, July 27th. Weiss Ratings upgraded Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Wall Street Zen downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, UBS Group reduced their price objective on Community Health Systems from $3.20 to $3.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $2.95.

Community Health Systems Price Performance

Community Health Systems stock opened at $3.02 on Monday. The business has a 50 day simple moving average of $3.14 and a 200 day simple moving average of $3.09. The company has a market capitalization of $425.85 million, a PE ratio of 1.63 and a beta of 1.84. Community Health Systems, Inc. has a one year low of $2.40 and a one year high of $4.43.

Community Health Systems (NYSE:CYH) last announced 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). Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the company earned ($0.05) earnings per share. The business’s revenue 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. Equities analysts anticipate that Community Health Systems, Inc. will post -0.86 earnings per share for the current fiscal 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.