Traders Purchase High Volume of Call Options on Community Health Systems (NYSE:CYH)

Community Health Systems, Inc. (NYSE:CYH) saw unusually large options trading on Friday. Traders acquired 2,501 call options on the company. This is an increase of 723% compared to the typical volume of 304 call options.

Analyst Ratings Changes

A number of equities analysts recently commented on CYH shares. Zacks Research downgraded Community Health Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. UBS Group set a $3.00 target price on shares of Community Health Systems in a research report on Friday. Weiss Ratings upgraded shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Barclays reduced their price objective on shares of Community Health Systems from $3.00 to $2.50 and set an “underweight” rating for the company in a research note on Thursday. Finally, Truist Financial increased their target price on shares of Community Health Systems from $3.00 to $3.75 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $2.81.

Community Health Systems Stock Down 3.1%

Shares of CYH stock opened at $2.69 on Friday. Community Health Systems has a 12 month low of $2.38 and a 12 month high of $4.43. The company has a market cap of $379.77 million, a PE ratio of 1.46 and a beta of 1.81. The business’s 50 day moving average is $3.11 and its two-hundred day moving average is $3.13.

Community Health Systems (NYSE:CYH) last posted 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 firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the company posted ($0.05) earnings per share. Community Health Systems’s quarterly revenue was down 9.8% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. As a group, equities analysts expect that Community Health Systems will post -0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

Institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Community Health Systems by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock valued at $202,000 after purchasing an additional 3,204 shares during the period. Creative Planning increased its holdings in shares of Community Health Systems by 14.1% during the 2nd quarter. Creative Planning now owns 98,577 shares of the company’s stock worth $335,000 after purchasing an additional 12,204 shares during the period. Rhumbline Advisers raised its position in shares of Community Health Systems by 3.8% during the second quarter. Rhumbline Advisers now owns 206,497 shares of the company’s stock valued at $702,000 after buying an additional 7,549 shares during the last quarter. Norges Bank bought a new stake in shares of Community Health Systems in the second quarter valued at about $1,204,000. Finally, Marshall Wace LLP acquired a new stake in Community Health Systems during the second quarter worth about $321,000. 84.99% of the stock is currently owned by institutional investors.

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.