William Norris Jennings Sells 40,000 Shares of Community Health Systems (NYSE:CYH) Stock

Community Health Systems, Inc. (NYSE:CYH) Director William Norris Jennings sold 40,000 shares of Community Health Systems stock in a transaction on Tuesday, August 25th. The stock was 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. This represents a 50.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Community Health Systems Price Performance

Shares of Community Health Systems stock opened at $2.93 on Thursday. The firm’s fifty day simple moving average is $3.14 and its 200-day simple moving average is $3.08. 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 $413.16 million, a price-to-earnings ratio of 1.58 and a beta of 1.84.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.09). The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%.Community Health Systems’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. Analysts anticipate that Community Health Systems, Inc. will post -0.86 earnings per share for the current year.

Institutional Investors Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Readystate Asset Management LP raised its holdings in shares of Community Health Systems by 37.3% in the 2nd quarter. Readystate Asset Management LP now owns 496,326 shares of the company’s stock worth $1,658,000 after purchasing an additional 134,829 shares in the last quarter. Apollo Management Holdings L.P. boosted its position in Community Health Systems by 3.2% during the 2nd quarter. Apollo Management Holdings L.P. now owns 11,859,526 shares of the company’s stock worth $39,611,000 after acquiring an additional 370,210 shares during the period. Jefferies Financial Group Inc. purchased a new position in Community Health Systems during the second quarter valued at approximately $2,481,000. Public Employees Retirement System of Ohio acquired a new position in shares of Community Health Systems in the second quarter worth $129,000. Finally, Bank of America Corp DE acquired a new position in Community Health Systems in the 2nd quarter worth about $5,904,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CYH shares. Barclays reduced their price objective on shares of Community Health Systems from $3.00 to $2.50 and set an “underweight” rating on the stock in a research note on Thursday, July 23rd. UBS Group cut their price target on shares of Community Health Systems from $3.20 to $3.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Royal Bank Of Canada decreased their target price on Community Health Systems from $5.00 to $4.00 and set an “outperform” rating for the company in a research report on Monday, July 27th. Truist Financial lowered their price target 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. Finally, Weiss Ratings upgraded Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $2.95.

About Community Health Systems

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.