Community Health Systems, Inc. (NYSE:CYH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $4.77.

CYH has been the subject of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 price target on shares of Community Health Systems in a report on Monday, August 12th. Truist Financial reduced their price target on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Barclays lifted their price objective on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. UBS Group increased their target price on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, Wells Fargo & Company cut Community Health Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $5.00 to $2.50 in a research report on Monday, November 25th.

Community Health Systems Stock Performance

CYH opened at $3.38 on Friday. The company has a fifty day moving average of $4.64 and a two-hundred day moving average of $4.49. The stock has a market capitalization of $468.96 million, a price-to-earnings ratio of -1.12 and a beta of 1.55. Community Health Systems has a fifty-two week low of $2.31 and a fifty-two week high of $6.29.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) earnings per share. On average, equities research analysts forecast that Community Health Systems will post -0.55 earnings per share for the current year.

Hedge Funds Weigh In On Community Health Systems

A number of institutional investors have recently bought and sold shares of CYH. SG Americas Securities LLC raised its position in Community Health Systems by 384.7% in the 2nd quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock valued at $715,000 after purchasing an additional 168,941 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Community Health Systems by 301.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company’s stock valued at $2,029,000 after buying an additional 250,909 shares during the period. Hood River Capital Management LLC purchased a new position in Community Health Systems during the second quarter worth about $789,000. Vanguard Group Inc. lifted its holdings in shares of Community Health Systems by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock valued at $28,436,000 after buying an additional 28,669 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Community Health Systems in the second quarter valued at $871,000. 84.99% of the stock is owned by hedge funds and other 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.