CastleKnight Management LP Has $30.42 Million Stock Holdings in Community Health Systems, Inc. $CYH

CastleKnight Management LP decreased its holdings in shares of Community Health Systems, Inc. (NYSE:CYH) by 20.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,748,536 shares of the company’s stock after selling 2,513,972 shares during the quarter. Community Health Systems makes up 0.7% of CastleKnight Management LP’s holdings, making the stock its 15th biggest position. CastleKnight Management LP owned about 7.04% of Community Health Systems worth $30,415,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Community Health Systems by 601.9% during the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after buying an additional 7,963 shares during the period. Lazard Asset Management LLC bought a new position in Community Health Systems during the 4th quarter worth $34,000. Wealthcare Advisory Partners LLC bought a new position in Community Health Systems during the 4th quarter worth $35,000. Valeo Financial Advisors LLC bought a new position in Community Health Systems during the 4th quarter worth $39,000. Finally, Quarry LP bought a new position in Community Health Systems during the 3rd quarter worth $39,000. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Down 4.3%

Community Health Systems stock opened at $3.01 on Thursday. Community Health Systems, Inc. has a 12-month low of $2.38 and a 12-month high of $4.43. The business’s 50-day moving average price is $2.90 and its two-hundred day moving average price is $3.13. The stock has a market cap of $423.46 million, a PE ratio of 0.88 and a beta of 1.86.

Community Health Systems (NYSE:CYH) last released 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 net margin of 3.78% and a negative return on equity of 7.62%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm earned ($0.03) EPS. The business’s revenue 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. As a group, analysts expect that Community Health Systems, Inc. will post -0.58 earnings per share for the current year.

Analysts Set New Price Targets

CYH has been the topic of several recent research reports. Wall Street Zen cut Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research cut Community Health Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Weiss Ratings cut Community Health Systems from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. UBS Group raised their price target on Community Health Systems from $3.60 to $3.70 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Truist Financial decreased their price target on Community Health Systems from $3.50 to $3.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $3.28.

Community Health Systems 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.