Community Health Systems (NYSE:CYH) Releases Quarterly Earnings Results, Misses Expectations By $0.30 EPS

Community Health Systems (NYSE:CYH) issued its quarterly earnings results on Tuesday. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30), FiscalAI reports. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Community Health Systems had a net margin of 4.08% and a negative return on equity of 11.38%. The business’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) earnings per share. Community Health Systems updated its FY 2026 guidance to -0.600-0.000 EPS.

Community Health Systems Trading Down 3.0%

Shares of NYSE CYH opened at $3.05 on Wednesday. The stock has a fifty day simple moving average of $3.21 and a two-hundred day simple moving average of $3.28. Community Health Systems has a 1-year low of $2.34 and a 1-year high of $4.47. The firm has a market cap of $430.40 million, a price-to-earnings ratio of 0.81 and a beta of 1.97.

Hedge Funds Weigh In On Community Health Systems

A number of large investors have recently made changes to their positions in CYH. Marshall Wace LLP raised its position in shares of Community Health Systems by 276.3% in the fourth quarter. Marshall Wace LLP now owns 1,523,837 shares of the company’s stock worth $4,754,000 after buying an additional 1,118,864 shares in the last quarter. Bank of America Corp DE raised its position in shares of Community Health Systems by 112.4% in the second quarter. Bank of America Corp DE now owns 1,872,343 shares of the company’s stock worth $6,366,000 after buying an additional 991,014 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Community Health Systems by 85.4% in the fourth quarter. AQR Capital Management LLC now owns 1,440,165 shares of the company’s stock worth $4,493,000 after buying an additional 663,471 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Community Health Systems by 25.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,035,088 shares of the company’s stock worth $9,469,000 after buying an additional 607,066 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Community Health Systems by 57.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,577,138 shares of the company’s stock worth $4,921,000 after buying an additional 577,979 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on CYH shares. Truist Financial decreased their price target on Community Health Systems from $4.00 to $3.50 and set a “hold” rating for the company in a research report on Monday, April 13th. Weiss Ratings downgraded Community Health Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 19th. UBS Group increased their price target on Community Health Systems from $3.60 to $3.70 and gave the company a “neutral” rating in a research report on Friday, February 20th. Zacks Research raised Community Health Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company decreased their price target on Community Health Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.45.

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.