Community Health Systems, Inc. $CYH Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its holdings in Community Health Systems, Inc. (NYSE:CYH) by 27.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,540,879 shares of the company’s stock after selling 574,431 shares during the quarter. Goldman Sachs Group Inc. owned about 1.10% of Community Health Systems worth $4,160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CYH. Nomura Holdings Inc. increased its holdings in Community Health Systems by 14,684.8% in the 1st quarter. Nomura Holdings Inc. now owns 5,776,701 shares of the company’s stock worth $15,597,000 after buying an additional 5,737,629 shares during the period. Apollo Management Holdings L.P. boosted its position in Community Health Systems by 14.0% in the 1st quarter. Apollo Management Holdings L.P. now owns 7,628,576 shares of the company’s stock worth $20,597,000 after purchasing an additional 938,835 shares in the last quarter. Aberdeen Group plc boosted its position in Community Health Systems by 571.0% in the 1st quarter. Aberdeen Group plc now owns 592,712 shares of the company’s stock worth $1,600,000 after purchasing an additional 504,377 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Community Health Systems in the 1st quarter worth approximately $1,021,000. Finally, Jump Financial LLC purchased a new position in shares of Community Health Systems during the 1st quarter valued at approximately $966,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada decreased their target price 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. Barclays decreased their target price 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. Truist Financial increased their target price 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. UBS Group decreased their price objective on Community Health Systems from $3.50 to $3.20 and set a “neutral” rating on the stock in a report on Friday, July 25th. Finally, Wells Fargo & Company decreased their price objective on Community Health Systems from $3.50 to $2.50 and set an “underweight” rating on the stock in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Community Health Systems has a consensus rating of “Reduce” and a consensus target price of $3.58.

Community Health Systems Stock Performance

Shares of CYH opened at $2.95 on Thursday. The stock has a 50-day simple moving average of $2.92 and a 200-day simple moving average of $3.05. The stock has a market capitalization of $413.35 million, a PE ratio of -1.98 and a beta of 1.90. Community Health Systems, Inc. has a 1 year low of $2.24 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.05) EPS 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 the consensus estimate of $3.02 billion. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.17) earnings per share. Community Health Systems has set its FY 2025 guidance at -0.400–0.100 EPS. Analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current year.

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.