Assenagon Asset Management S.A. Sells 439,795 Shares of Community Health Systems, Inc. $CYH

Assenagon Asset Management S.A. lessened its stake in shares of Community Health Systems, Inc. (NYSE:CYH) by 39.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 670,860 shares of the company’s stock after selling 439,795 shares during the period. Assenagon Asset Management S.A. owned about 0.48% of Community Health Systems worth $1,972,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Oxford Asset Management LLP bought a new position in shares of Community Health Systems in the fourth quarter valued at $45,000. Millennium Management LLC acquired a new position in shares of Community Health Systems during the 4th quarter worth about $263,000. Engineers Gate Manager LP acquired a new stake in Community Health Systems in the 4th quarter valued at about $204,000. Eversept Partners LP increased its holdings in shares of Community Health Systems by 14.3% during the 4th quarter. Eversept Partners LP now owns 7,943,802 shares of the company’s stock worth $24,785,000 after acquiring an additional 993,751 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Community Health Systems in the 4th quarter valued at $692,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CYH. Weiss Ratings lowered shares of Community Health Systems from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. Wall Street Zen lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Zacks Research downgraded shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Truist Financial reduced their price objective on Community Health Systems from $3.50 to $3.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Finally, Barclays lowered their target price on Community Health Systems from $3.50 to $3.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Community Health Systems has a consensus rating of “Reduce” and a consensus target price of $3.28.

Community Health Systems Stock Performance

NYSE:CYH opened at $3.54 on Thursday. The firm has a market cap of $499.56 million, a price-to-earnings ratio of 1.03 and a beta of 1.80. Community Health Systems, Inc. has a 52 week low of $2.38 and a 52 week high of $4.43. The firm’s 50-day simple moving average is $2.92 and its 200 day simple moving average is $3.11.

Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, April 21st. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30). Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the company earned ($0.03) EPS. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. Sell-side analysts anticipate that Community Health Systems, Inc. will post -0.58 EPS for the current year.

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.