Community Health Systems Sees Unusually Large Options Volume (NYSE:CYH)

Community Health Systems, Inc. (NYSE:CYH) was the recipient of unusually large options trading activity on Friday. Traders bought 2,501 call options on the company. This is an increase of approximately 723% compared to the typical volume of 304 call options.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Community Health Systems by 601.9% in the fourth quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after acquiring an additional 7,963 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Community Health Systems during the 4th quarter valued at $34,000. Wealthcare Advisory Partners LLC bought a new stake in Community Health Systems in the fourth quarter worth $35,000. Valeo Financial Advisors LLC acquired a new position in Community Health Systems during the fourth quarter worth $39,000. Finally, Quarry LP acquired a new stake in shares of Community Health Systems in the third quarter worth about $39,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CYH shares. Wall Street Zen downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings upgraded Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. UBS Group set a $3.00 price target on Community Health Systems in a research report on Friday. Truist Financial raised their price objective on Community Health Systems from $3.00 to $3.75 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Finally, Barclays lowered their target price on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Community Health Systems has an average rating of “Reduce” and a consensus target price of $2.81.

Community Health Systems Stock Down 3.1%

Community Health Systems stock opened at $2.69 on Friday. Community Health Systems has a 12 month low of $2.38 and a 12 month high of $4.43. The stock has a market cap of $379.78 million, a P/E ratio of 1.46 and a beta of 1.81. The company’s fifty day simple moving average is $3.11 and its 200-day simple moving average is $3.13.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data 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 net margin of 2.10% and a negative return on equity of 6.66%. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the business posted ($0.05) EPS. Community Health Systems’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. On average, equities research analysts expect that Community Health Systems will post -0.92 earnings per share for the current fiscal 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.