Owl Creek Asset Management L.P. Raises Stock Holdings in Community Health Systems, Inc. $CYH

Owl Creek Asset Management L.P. boosted its stake in Community Health Systems, Inc. (NYSE:CYH) by 65.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,530,622 shares of the company’s stock after purchasing an additional 1,000,862 shares during the quarter. Community Health Systems comprises approximately 0.5% of Owl Creek Asset Management L.P.’s portfolio, making the stock its 16th biggest holding. Owl Creek Asset Management L.P.’s holdings in Community Health Systems were worth $7,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its position in Community Health Systems by 53.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,110,655 shares of the company’s stock valued at $3,465,000 after buying an additional 388,116 shares during the period. Aberdeen Group plc raised its stake in shares of Community Health Systems by 23.9% during the fourth quarter. Aberdeen Group plc now owns 1,772,139 shares of the company’s stock valued at $5,529,000 after acquiring an additional 342,359 shares during the last quarter. Eversept Partners LP raised its stake in shares of Community Health Systems by 14.3% during the fourth quarter. Eversept Partners LP now owns 7,943,802 shares of the company’s stock valued at $24,785,000 after acquiring an additional 993,751 shares during the last quarter. Carronade Capital Management LP grew its stake in shares of Community Health Systems by 306.7% in the first quarter. Carronade Capital Management LP now owns 1,321,923 shares of the company’s stock worth $3,886,000 after purchasing an additional 996,923 shares during the last quarter. Finally, Sei Investments Co. raised its position in Community Health Systems by 15.8% during the 1st quarter. Sei Investments Co. now owns 260,314 shares of the company’s stock valued at $765,000 after purchasing an additional 35,449 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Price Performance

NYSE:CYH opened at $2.69 on Monday. The firm’s 50-day moving average price is $3.11 and its 200-day moving average price is $3.13. The company has a market capitalization of $380.02 million, a PE ratio of 1.46 and a beta of 1.81. Community Health Systems, Inc. has a 1-year low of $2.38 and a 1-year high of $4.43.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. The company’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the business earned ($0.05) earnings per share. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. Equities analysts anticipate that Community Health Systems, Inc. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Truist Financial boosted their price objective on shares of Community Health Systems from $3.00 to $3.75 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Barclays decreased 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 report on Thursday. Zacks Research lowered shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, UBS Group set a $3.00 price target on shares of Community Health Systems in a research report on Friday. Three 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, the company currently has a consensus rating of “Reduce” and an average price target of $2.81.

Community Health Systems Company 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.