Russell Investments Group Ltd. Has $564,000 Stock Holdings in Community Health Systems, Inc. $CYH

Russell Investments Group Ltd. lifted its position in Community Health Systems, Inc. (NYSE:CYH) by 29.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 209,043 shares of the company’s stock after buying an additional 47,067 shares during the quarter. Russell Investments Group Ltd. owned about 0.15% of Community Health Systems worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Community Health Systems during the 1st quarter worth $433,000. Charles Schwab Investment Management Inc. increased its stake in shares of Community Health Systems by 8.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,413,077 shares of the company’s stock worth $3,815,000 after purchasing an additional 112,741 shares during the period. R Squared Ltd lifted its position in shares of Community Health Systems by 71.6% during the 1st quarter. R Squared Ltd now owns 10,950 shares of the company’s stock worth $30,000 after purchasing an additional 4,570 shares during the last quarter. XTX Topco Ltd grew its holdings in Community Health Systems by 217.3% in the 1st quarter. XTX Topco Ltd now owns 110,980 shares of the company’s stock valued at $300,000 after buying an additional 76,002 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Community Health Systems by 8.7% in the 1st quarter. Federated Hermes Inc. now owns 887,344 shares of the company’s stock worth $2,396,000 after buying an additional 71,357 shares during the period. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Down 1.6%

NYSE:CYH opened at $2.76 on Friday. The firm has a market capitalization of $386.03 million, a PE ratio of -1.85 and a beta of 1.86. Community Health Systems, Inc. has a 12-month low of $2.24 and a 12-month high of $6.29. The firm has a 50-day moving average price of $3.05 and a 200 day moving average price of $3.10.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.10). The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the firm earned ($0.17) earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. Community Health Systems has set its FY 2025 guidance at -0.400–0.100 EPS. On average, research analysts expect that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CYH. Royal Bank Of Canada lowered their price objective on shares of Community Health Systems from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Friday, July 25th. Jefferies Financial Group restated a “hold” rating and issued a $3.00 price target (down from $4.25) on shares of Community Health Systems in a research report on Thursday, July 24th. Truist Financial upped their price objective on shares of Community Health Systems from $3.50 to $4.25 and gave the company a “hold” rating in a research report on Wednesday, July 16th. UBS Group reduced their target price on shares of Community Health Systems from $3.50 to $3.20 and set a “neutral” rating for the company in a research note on Friday, July 25th. Finally, Barclays lowered their price target on Community Health Systems from $4.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Community Health Systems currently has an average rating of “Reduce” and a consensus price target of $3.58.

Community Health Systems 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.