Community Health Systems, Inc. (NYSE:CYH) Receives Average Recommendation of “Hold” from Analysts

Community Health Systems, Inc. (NYSE:CYH) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.18.

A number of research analysts have recently issued reports on CYH shares. UBS Group reduced their price target on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Barclays reduced their price objective on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, February 20th. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Wells Fargo & Company lowered shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $5.00 to $2.50 in a research report on Monday, November 25th. Finally, Truist Financial dropped their price target on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research report on Monday, January 6th.

Community Health Systems Trading Up 6.5 %

NYSE CYH opened at $3.92 on Wednesday. Community Health Systems has a 52 week low of $2.68 and a 52 week high of $6.29. The stock has a market cap of $544.72 million, a P/E ratio of -1.01 and a beta of 1.63. The company’s fifty day simple moving average is $3.23 and its 200-day simple moving average is $4.25.

Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.51). The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.14 billion. On average, research analysts expect that Community Health Systems will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds have recently bought and sold shares of CYH. CWM LLC lifted its holdings in shares of Community Health Systems by 32.1% during the third quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after buying an additional 2,961 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Community Health Systems by 4.1% in the third quarter. Franklin Resources Inc. now owns 75,520 shares of the company’s stock valued at $422,000 after purchasing an additional 2,989 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Community Health Systems by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,783 shares of the company’s stock worth $215,000 after buying an additional 3,124 shares in the last quarter. Rhumbline Advisers increased its holdings in Community Health Systems by 2.4% in the 4th quarter. Rhumbline Advisers now owns 201,436 shares of the company’s stock valued at $602,000 after buying an additional 4,654 shares during the period. Finally, Signaturefd LLC acquired a new position in shares of Community Health Systems in the 3rd quarter valued at $33,000. 84.99% of the stock is owned by institutional investors and hedge funds.

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.