Nuveen LLC Makes New Investment in Community Health Systems, Inc. $CYH

Nuveen LLC bought a new position in Community Health Systems, Inc. (NYSE:CYH) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 160,384 shares of the company’s stock, valued at approximately $433,000. Nuveen LLC owned 0.11% of Community Health Systems as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in shares of Community Health Systems during the first quarter valued at $1,021,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Community Health Systems by 6.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,176 shares of the company’s stock valued at $921,000 after buying an additional 18,612 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Community Health Systems by 250.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after buying an additional 6,445 shares during the period. ProShare Advisors LLC increased its stake in shares of Community Health Systems by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 35,353 shares of the company’s stock valued at $106,000 after buying an additional 11,632 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Community Health Systems by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,783 shares of the company’s stock valued at $215,000 after buying an additional 3,124 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Performance

Shares of NYSE CYH opened at $2.85 on Friday. The company has a market cap of $398.64 million, a PE ratio of -1.91 and a beta of 1.90. The business has a 50-day simple moving average of $3.00 and a two-hundred day simple moving average of $3.08. Community Health Systems, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $6.29.

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

Wall Street Analyst Weigh In

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

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.