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

Shares of Community Health Systems, Inc. (NYSE:CYH) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $4.52.

CYH has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Raymond James lowered Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Wells Fargo & Company downgraded Community Health Systems from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $5.00 to $2.50 in a research report on Monday, November 25th. Truist Financial decreased their target price on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, Barclays increased their price objective on shares of Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th.

Community Health Systems Trading Up 0.7 %

Shares of CYH opened at $3.42 on Friday. The stock has a 50 day simple moving average of $3.29 and a 200-day simple moving average of $4.40. The stock has a market cap of $474.51 million, a PE ratio of -1.13 and a beta of 1.59. Community Health Systems has a 1 year low of $2.51 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the firm posted ($0.33) earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, sell-side analysts forecast that Community Health Systems will post -0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Signaturefd LLC bought a new stake in Community Health Systems in the third quarter valued at about $33,000. CWM LLC increased its stake in shares of Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after acquiring an additional 2,961 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Community Health Systems in the 2nd quarter valued at approximately $45,000. Aigen Investment Management LP acquired a new position in Community Health Systems during the third quarter valued at approximately $94,000. Finally, nVerses Capital LLC increased its stake in Community Health Systems by 138.7% in the third quarter. nVerses Capital LLC now owns 17,900 shares of the company’s stock valued at $109,000 after purchasing an additional 10,400 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.