Community Health Systems (NYSE:CYH) Releases Earnings Results

Community Health Systems (NYSE:CYH) issued its earnings results on Thursday. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $1.57, Zacks reports. Community Health Systems had a negative return on equity of 6.55% and a net margin of 2.60%.The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the business posted ($0.30) EPS. The company’s revenue was down .1% compared to the same quarter last year. Community Health Systems updated its FY 2025 guidance to 0.800-0.900 EPS.

Community Health Systems Trading Up 25.9%

CYH stock opened at $4.11 on Friday. The stock has a 50-day moving average price of $3.00 and a 200-day moving average price of $3.13. Community Health Systems has a 1-year low of $2.24 and a 1-year high of $4.64. The firm has a market cap of $575.19 million, a PE ratio of 1.70 and a beta of 1.88.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Community Health Systems by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock valued at $202,000 after buying an additional 3,204 shares during the period. Rhumbline Advisers boosted its stake in Community Health Systems by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 206,497 shares of the company’s stock valued at $702,000 after purchasing an additional 7,549 shares during the last quarter. Creative Planning boosted its stake in Community Health Systems by 14.1% during the 2nd quarter. Creative Planning now owns 98,577 shares of the company’s stock valued at $335,000 after purchasing an additional 12,204 shares during the last quarter. Sender Co & Partners Inc. acquired a new position in Community Health Systems during the 2nd quarter valued at about $59,000. Finally, Nebula Research & Development LLC acquired a new position in Community Health Systems during the 2nd quarter valued at about $116,000. 84.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CYH. Truist Financial increased their price target on Community Health Systems from $3.50 to $4.25 and gave the company a “hold” rating in a research note on Wednesday, July 16th. Wells Fargo & Company increased their price target on Community Health Systems from $2.50 to $3.00 and gave the company an “underweight” rating in a research note on Tuesday, October 7th. Royal Bank Of Canada dropped their price target on Community Health Systems from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, July 25th. Wall Street Zen upgraded Community Health Systems from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Barclays dropped their price target on Community Health Systems from $4.00 to $3.50 and set an “equal weight” rating for the company in a research note on Thursday, July 24th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Community Health Systems currently has a consensus rating of “Reduce” and an average target price of $3.66.

Community Health Systems Company Profile

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.