Jefferies Financial Group Inc. Acquires New Stake in Community Health Systems, Inc. $CYH

Jefferies Financial Group Inc. purchased a new stake in shares of Community Health Systems, Inc. (NYSE:CYH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 742,900 shares of the company’s stock, valued at approximately $2,481,000.

Several other hedge funds have also modified their holdings of CYH. Public Employees Retirement System of Ohio purchased a new position in Community Health Systems during the 2nd quarter worth approximately $129,000. Bank of America Corp DE acquired a new position in shares of Community Health Systems during the 2nd quarter worth $5,904,000. Legal & General Group Plc bought a new stake in shares of Community Health Systems during the 2nd quarter worth about $45,000. The Manufacturers Life Insurance Company bought a new position in shares of Community Health Systems in the second quarter valued at approximately $117,000. Finally, Helix Partners Management LP bought a new stake in shares of Community Health Systems during the 2nd quarter worth $1,336,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Community Health Systems news, Director William Norris Jennings sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $2.96, for a total transaction of $118,400.00. Following the sale, the director directly owned 38,468 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 11.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen lowered Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Barclays dropped their target price on shares of Community Health Systems from $3.00 to $2.50 and set an “underweight” rating on the stock in a research report on Thursday, July 23rd. Truist Financial dropped their price objective on shares of Community Health Systems from $3.75 to $3.25 and set a “hold” rating on the stock in a report on Monday, July 27th. Royal Bank Of Canada reduced their target price on shares of Community Health Systems from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. Finally, 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, July 24th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Community Health Systems currently has a consensus rating of “Reduce” and an average target price of $2.95.

Community Health Systems Price Performance

Community Health Systems stock opened at $2.95 on Friday. The business has a 50 day simple moving average of $3.13 and a 200 day simple moving average of $3.08. The company has a market capitalization of $415.98 million, a PE ratio of 1.59 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 released its quarterly earnings data 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 negative return on equity of 6.66% and a net margin of 2.10%.The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the company earned ($0.05) earnings per share. The business’s revenue 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. Equities analysts anticipate that Community Health Systems, Inc. will post -0.86 earnings per share for the current fiscal year.

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.