StockNews.com Upgrades Community Health Systems (NYSE:CYH) to Hold

Community Health Systems (NYSE:CYH) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Several other research firms have also recently weighed in on CYH. Raymond James cut shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Barclays lowered their price target on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday. Truist Financial lowered 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 report on Monday, January 6th. Wells Fargo & Company cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $5.00 to $2.50 in a report on Monday, November 25th. Finally, UBS Group decreased their target price 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.18.

Community Health Systems Stock Performance

Shares of CYH stock opened at $3.52 on Thursday. The firm’s 50-day moving average is $3.21 and its 200-day moving average is $4.27. The stock has a market cap of $488.41 million, a price-to-earnings ratio of -0.90 and a beta of 1.63. Community Health Systems has a 52-week low of $2.51 and a 52-week high of $6.29.

Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Sell-side analysts predict that Community Health Systems will post -0.28 EPS for the current fiscal year.

Institutional Trading of Community Health Systems

Several large investors have recently made changes to their positions in CYH. Tower Research Capital LLC TRC boosted its position in shares of Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock worth $27,000 after acquiring an additional 6,445 shares in the last quarter. Signaturefd LLC acquired a new stake in shares of Community Health Systems during the 3rd quarter worth approximately $33,000. Two Sigma Securities LLC acquired a new stake in shares of Community Health Systems during the 4th quarter worth approximately $33,000. Cibc World Markets Corp acquired a new stake in shares of Community Health Systems during the 4th quarter worth approximately $35,000. Finally, Virtu Financial LLC acquired a new stake in Community Health Systems in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

About Community Health Systems

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.