Community Health Systems, Inc. (NYSE:CYH) Receives Average Recommendation of “Hold” from Analysts

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

Several brokerages recently weighed in on CYH. StockNews.com cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Truist Financial decreased 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 note on Friday, October 25th. Barclays raised their price target on shares of Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Raymond James downgraded shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $5.00 to $2.50 in a research report on Monday, November 25th.

Community Health Systems Price Performance

CYH stock opened at $3.01 on Tuesday. The stock has a market capitalization of $418.23 million, a PE ratio of -1.00 and a beta of 1.55. The company’s 50-day moving average is $3.82 and its 200-day moving average is $4.45. 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 announced its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the firm posted ($0.33) earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Community Health Systems will post -0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CYH. Bank of Montreal Can purchased a new stake in shares of Community Health Systems in the second quarter worth $3,692,000. Whitebox Advisors LLC increased its position in Community Health Systems by 43.3% during the 2nd quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock valued at $10,150,000 after purchasing an additional 913,542 shares during the period. Barclays PLC grew its position in shares of Community Health Systems by 1,278.2% in the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock worth $4,296,000 after buying an additional 656,447 shares during the last quarter. Marshall Wace LLP boosted its stake in Community Health Systems by 51.0% in the 2nd quarter. Marshall Wace LLP now owns 942,303 shares of the company’s stock worth $3,166,000 after purchasing an additional 318,333 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Community Health Systems by 111.8% in the 2nd quarter. Renaissance Technologies LLC now owns 537,093 shares of the company’s stock worth $1,805,000 after purchasing an additional 283,500 shares in 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.