Carronade Capital Management LP Buys 996,923 Shares of Community Health Systems, Inc. $CYH

Carronade Capital Management LP grew its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 306.7% in the first quarter, HoldingsChannel.com reports. The firm owned 1,321,923 shares of the company’s stock after buying an additional 996,923 shares during the quarter. Community Health Systems comprises approximately 0.1% of Carronade Capital Management LP’s holdings, making the stock its 23rd largest holding. Carronade Capital Management LP’s holdings in Community Health Systems were worth $3,886,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Community Health Systems by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock worth $202,000 after buying an additional 3,204 shares during the period. Lombard Odier Asset Management USA Corp grew its stake in shares of Community Health Systems by 5.2% in the first quarter. Lombard Odier Asset Management USA Corp now owns 101,000 shares of the company’s stock worth $297,000 after acquiring an additional 5,000 shares during the last quarter. Raymond James Financial Inc. increased its stake in Community Health Systems by 16.1% during the 3rd quarter. Raymond James Financial Inc. now owns 37,582 shares of the company’s stock valued at $121,000 after purchasing an additional 5,202 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Community Health Systems by 67.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,269 shares of the company’s stock valued at $54,000 after acquiring an additional 6,971 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Community Health Systems by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 206,497 shares of the company’s stock worth $702,000 after purchasing an additional 7,549 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Community Health Systems Stock Performance

CYH opened at $2.69 on Monday. The stock has a market cap of $380.02 million, a price-to-earnings ratio of 1.46 and a beta of 1.81. The firm’s fifty day moving average is $3.11 and its 200 day moving average is $3.13. Community Health Systems, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $4.43.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. The business 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 business earned ($0.05) earnings per share. Community Health Systems’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. On average, equities research analysts predict that Community Health Systems, Inc. will post -0.92 earnings per share for the current year.

Analysts Set New Price Targets

CYH has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings upgraded Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Barclays reduced their price target on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Thursday. UBS Group set a $3.00 price objective on Community Health Systems in a research report on Friday. Finally, Truist Financial boosted their price objective on Community Health Systems from $3.00 to $3.75 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Community Health Systems presently has an average rating of “Reduce” and an average target price of $2.81.

Community Health Systems Profile

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.