Community Health Systems (NYSE:CYH) Given New $2.00 Price Target at Wells Fargo & Company

Community Health Systems (NYSE:CYH) had its price objective decreased by Wells Fargo & Company from $2.50 to $2.00 in a research note released on Monday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

Several other equities analysts have also recently issued reports on CYH. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Barclays decreased their target price on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, February 20th. Truist Financial dropped their price target on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research report on Monday, January 6th. Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Finally, UBS Group dropped 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 report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.10.

Community Health Systems Trading Down 8.0 %

Community Health Systems stock opened at $2.71 on Monday. Community Health Systems has a 1-year low of $2.65 and a 1-year high of $6.29. The firm has a market cap of $375.79 million, a P/E ratio of -0.69 and a beta of 1.81. The firm has a 50-day moving average of $3.23 and a 200-day moving average of $4.13.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Research analysts forecast that Community Health Systems will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

A number of hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in Community Health Systems by 157.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock worth $12,459,000 after buying an additional 2,550,678 shares during the last quarter. Helix Partners Management LP purchased a new position in Community Health Systems in the 4th quarter worth approximately $4,923,000. Columbus Hill Capital Management L.P. bought a new position in Community Health Systems in the 4th quarter valued at approximately $3,887,000. Renaissance Technologies LLC increased its holdings in shares of Community Health Systems by 913.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company’s stock worth $4,247,000 after purchasing an additional 1,280,300 shares in the last quarter. Finally, DG Capital Management LLC raised its stake in shares of Community Health Systems by 54.8% in the fourth quarter. DG Capital Management LLC now owns 3,502,511 shares of the company’s stock worth $10,473,000 after purchasing an additional 1,240,413 shares during the last quarter. Institutional investors 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.