Community Health Systems (NYSE:CYH) Rating Lowered to “Sell” at StockNews.com

Community Health Systems (NYSE:CYH) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

A number of other research firms have also recently weighed in on CYH. Royal Bank of Canada restated an “outperform” rating and set a $6.00 price objective on shares of Community Health Systems in a research report on Monday, August 12th. Truist Financial reduced their price objective 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. Wells Fargo & Company cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $5.00 to $2.50 in a research report on Monday. UBS Group increased their target price on shares of Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Finally, Raymond James cut shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Community Health Systems currently has a consensus rating of “Hold” and an average target price of $4.77.

Community Health Systems Stock Performance

Shares of NYSE CYH opened at $3.56 on Monday. The company’s fifty day moving average price is $4.98 and its 200 day moving average price is $4.51. Community Health Systems has a 1 year low of $2.31 and a 1 year high of $6.29. The company has a market capitalization of $494.66 million, a PE ratio of -1.18 and a beta of 1.60.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data 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 business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.33) EPS. On average, equities analysts expect that Community Health Systems will post -0.52 EPS for the current year.

Institutional Investors Weigh In On Community Health Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in Community Health Systems during the second quarter worth about $25,000. DekaBank Deutsche Girozentrale purchased a new position in Community Health Systems during the second quarter worth about $33,000. Signaturefd LLC purchased a new position in Community Health Systems during the third quarter worth about $33,000. Canada Pension Plan Investment Board purchased a new position in Community Health Systems during the second quarter worth about $45,000. Finally, CWM LLC boosted its stake in 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 period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.