BMO Capital Markets Initiates Coverage on Community Health Systems (NYSE:CYH)

Equities researchers at BMO Capital Markets assumed coverage on shares of Community Health Systems (NYSE:CYH) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage set a “market perform” rating and a $3.00 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 3.27% from the company’s current price.

Several other research analysts also recently commented on the company. Wall Street Zen downgraded Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Royal Bank Of Canada reduced their price objective on Community Health Systems from $5.00 to $4.00 and set an “outperform” rating on the stock in a report on Monday, July 27th. UBS Group reduced their price objective on Community Health Systems from $3.20 to $3.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Barclays cut their target price on shares of Community Health Systems from $3.00 to $2.50 and set an “underweight” rating on the stock in a research report on Thursday, July 23rd. Finally, Truist Financial cut their target price on shares of Community Health Systems from $3.75 to $3.25 and set a “hold” rating on the stock in a research report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $2.96.

Community Health Systems Price Performance

Shares of NYSE:CYH traded down $0.04 during trading on Tuesday, reaching $2.91. 1,267,756 shares of the company were exchanged, compared to its average volume of 1,132,511. The firm has a market capitalization of $409.63 million, a PE ratio of 1.57 and a beta of 1.86. The business’s fifty day simple moving average is $2.93 and its 200-day simple moving average is $3.01. Community Health Systems has a 12-month low of $2.40 and a 12-month high of $4.43.

Community Health Systems (NYSE:CYH) last issued its 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). The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%.The business’s revenue was down 9.8% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. On average, sell-side analysts anticipate that Community Health Systems will post -0.86 EPS for the current fiscal year.

Insider Buying and Selling

In other Community Health Systems news, Director William Jennings sold 40,000 shares of Community Health Systems stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $2.96, for a total value of $118,400.00. Following the transaction, the director owned 38,468 shares in the company, valued at $113,865.28. The trade was a 50.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.10% of the company’s stock.

Hedge Funds Weigh In On Community Health Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new position in Community Health Systems in the second quarter valued at about $64,000. Readystate Asset Management LP grew its stake in Community Health Systems by 37.3% in the second quarter. Readystate Asset Management LP now owns 496,326 shares of the company’s stock valued at $1,658,000 after purchasing an additional 134,829 shares during the last quarter. Apollo Management Holdings L.P. grew its stake in Community Health Systems by 3.2% in the second quarter. Apollo Management Holdings L.P. now owns 11,859,526 shares of the company’s stock valued at $39,611,000 after purchasing an additional 370,210 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in Community Health Systems in the second quarter valued at about $2,481,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Community Health Systems in the second quarter valued at about $129,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc (NYSE: CYH) is a healthcare services company that owns, leases, or operates general acute-care hospitals and related healthcare facilities in communities across the United States. The company focuses primarily on serving non-urban and rural markets, providing access to hospital-based and outpatient care.

Its services generally include emergency care, inpatient and outpatient surgery, diagnostic imaging, laboratory services, cardiology, orthopedics, women’s health, rehabilitation, behavioral health, and other medical services.