Connor Clark & Lunn Investment Management Ltd. Has $579,000 Stake in Community Health Systems, Inc. $CYH

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Community Health Systems, Inc. (NYSE:CYH) by 703.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 170,368 shares of the company’s stock after purchasing an additional 149,161 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of Community Health Systems worth $579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd grew its holdings in shares of Community Health Systems by 71.6% during the first quarter. R Squared Ltd now owns 10,950 shares of the company’s stock valued at $30,000 after buying an additional 4,570 shares in the last quarter. CWM LLC grew its stake in Community Health Systems by 133.1% during the 2nd quarter. CWM LLC now owns 10,974 shares of the company’s stock valued at $37,000 after acquiring an additional 6,266 shares in the last quarter. Savvy Advisors Inc. acquired a new position in shares of Community Health Systems in the 2nd quarter valued at about $40,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Community Health Systems in the second quarter worth approximately $41,000. Finally, Walleye Capital LLC purchased a new position in Community Health Systems during the first quarter valued at approximately $180,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Stock Performance

CYH opened at $2.91 on Thursday. The stock has a 50-day moving average of $3.30 and a 200-day moving average of $3.27. Community Health Systems, Inc. has a 52-week low of $2.24 and a 52-week high of $4.47. The company has a market cap of $402.40 million, a PE ratio of 1.20 and a beta of 2.07.

Community Health Systems (NYSE:CYH) last announced its earnings results on Thursday, October 23rd. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $1.57. Community Health Systems had a negative return on equity of 6.90% and a net margin of 2.60%.The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the prior year, the business earned ($0.30) earnings per share. The company’s revenue was down .1% on a year-over-year basis. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. On average, research analysts predict that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays cut their target price on shares of Community Health Systems from $4.00 to $3.50 and set an “equal weight” rating for the company in a research report on Thursday, July 24th. Royal Bank Of Canada reduced their price objective on Community Health Systems from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, July 25th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $3.00 target price (down from $4.25) on shares of Community Health Systems in a research report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Community Health Systems in a report on Thursday, November 13th. Finally, Wells Fargo & Company increased their price objective on Community Health Systems from $2.50 to $3.00 and gave the stock an “underweight” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $3.73.

Community Health Systems Company Profile

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.