Community Health Systems (NYSE:CYH) Coverage Initiated by Analysts at Guggenheim

Guggenheim started coverage on shares of Community Health Systems (NYSE:CYH) in a report issued on Wednesday, Marketbeat reports. The firm issued a neutral rating on the stock.

Other analysts have also issued research reports about the company. Truist Financial reduced their target price on Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a report on Monday, January 6th. Barclays cut their price objective on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. UBS Group reduced their price target on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, Wells Fargo & Company reduced their target price on shares of Community Health Systems from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Community Health Systems presently has an average rating of “Hold” and a consensus price target of $4.10.

Community Health Systems Stock Down 4.2 %

Shares of NYSE CYH traded down $0.11 on Wednesday, reaching $2.50. 1,657,590 shares of the company’s stock traded hands, compared to its average volume of 2,496,978. The company has a market cap of $350.76 million, a price-to-earnings ratio of -0.64 and a beta of 1.72. The business’s 50 day simple moving average is $2.99 and its two-hundred day simple moving average is $3.67. Community Health Systems has a 12 month low of $2.24 and a 12 month high of $6.29.

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

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors and hedge funds have recently bought and sold shares of CYH. Vanguard Group Inc. grew its position in shares of Community Health Systems by 12.3% during the fourth quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company’s stock worth $33,490,000 after purchasing an additional 1,229,039 shares in the last quarter. Apollo Management Holdings L.P. lifted its holdings in shares of Community Health Systems by 20.5% in the fourth quarter. Apollo Management Holdings L.P. now owns 6,689,741 shares of the company’s stock worth $20,002,000 after buying an additional 1,138,596 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Community Health Systems by 157.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock worth $12,459,000 after acquiring an additional 2,550,678 shares during the last quarter. DG Capital Management LLC increased its holdings in Community Health Systems by 54.8% in the 4th quarter. DG Capital Management LLC now owns 3,502,511 shares of the company’s stock valued at $10,473,000 after acquiring an additional 1,240,413 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Community Health Systems by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company’s stock worth $8,402,000 after purchasing an additional 9,772 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

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.