Eversept Partners LP Purchases 733,479 Shares of Community Health Systems, Inc. $CYH

Eversept Partners LP grew its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 9.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 8,677,281 shares of the company’s stock after purchasing an additional 733,479 shares during the quarter. Community Health Systems makes up approximately 1.3% of Eversept Partners LP’s investment portfolio, making the stock its 21st largest position. Eversept Partners LP owned approximately 0.06% of Community Health Systems worth $25,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada grew its position in Community Health Systems by 601.9% during the fourth 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 during the period. Lazard Asset Management LLC bought a new position in Community Health Systems in the fourth quarter worth approximately $34,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Community Health Systems during the 4th quarter worth $35,000. Valeo Financial Advisors LLC bought a new stake in shares of Community Health Systems during the 4th quarter valued at $39,000. Finally, Quarry LP purchased a new stake in shares of Community Health Systems in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Down 0.5%

Shares of Community Health Systems stock opened at $2.71 on Tuesday. Community Health Systems, Inc. has a 52 week low of $2.38 and a 52 week high of $4.43. The stock’s 50-day simple moving average is $3.11 and its 200-day simple moving average is $3.13. The company has a market capitalization of $382.59 million, a price-to-earnings ratio of 1.47 and a beta of 1.81.

Community Health Systems (NYSE:CYH) last issued its earnings results on Wednesday, July 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the business posted ($0.05) EPS. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. On average, equities analysts expect that Community Health Systems, Inc. will post -0.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CYH. UBS Group cut their price target on Community Health Systems from $3.20 to $3.00 and set a “neutral” rating for the company in a report on Friday. Royal Bank Of Canada decreased their price objective on Community Health Systems from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Monday. Truist Financial cut their price objective on Community Health Systems from $3.75 to $3.25 and set a “hold” rating for the company in a research note on Monday. Wall Street Zen lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Zacks Research cut shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus 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.