Insider Selling: Community Health Systems (NYSE:CYH) Director Sells 40,000 Shares of Stock

Community Health Systems, Inc. (NYSE:CYH) Director William Norris Jennings sold 40,000 shares of Community Health Systems stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $2.96, for a total value of $118,400.00. Following the completion of the sale, the director directly owned 38,468 shares of the company’s stock, valued at $113,865.28. The trade was a 50.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Community Health Systems Trading Down 1.5%

CYH traded down $0.04 during mid-day trading on Tuesday, hitting $2.96. 688,893 shares of the stock were exchanged, compared to its average volume of 1,680,527. The firm’s fifty day moving average is $3.14 and its two-hundred day moving average is $3.08. Community Health Systems, Inc. has a 1-year low of $2.40 and a 1-year high of $4.43. The company has a market cap of $418.09 million, a PE ratio of 1.60 and a beta of 1.84.

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). Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%.The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the company earned ($0.05) earnings per share. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. As a group, research analysts anticipate that Community Health Systems, Inc. will post -0.86 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on CYH shares. Wall Street Zen lowered Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. UBS Group cut their price target 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 reduced 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 report on Thursday, July 23rd. Royal Bank Of Canada reduced their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an “outperform” rating on the stock in a report on Monday, July 27th. Finally, Truist Financial cut their price target on Community Health Systems from $3.75 to $3.25 and set a “hold” rating on the stock in a research note on Monday, July 27th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $2.95.

Institutional Trading of Community Health Systems

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in shares of Community Health Systems by 601.9% in the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock valued at $29,000 after buying an additional 7,963 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Community Health Systems during the fourth quarter worth about $34,000. Quarry LP acquired a new stake in shares of Community Health Systems during the third quarter worth about $39,000. Valeo Financial Advisors LLC purchased a new stake in shares of Community Health Systems in the 4th quarter valued at about $39,000. Finally, Legal & General Group Plc acquired a new stake in shares of Community Health Systems in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.