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

Community Health Systems, Inc. (NYSE:CYH) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $4.73.

CYH has been the topic of a number of recent research reports. Truist Financial upped their price objective on Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a research report on Monday, July 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price objective on shares of Community Health Systems in a research note on Monday, August 12th. UBS Group raised their target price on shares of Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Wells Fargo & Company boosted their price target on shares of Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, Oppenheimer lifted their price objective on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Community Health Systems by 14.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,583,032 shares of the company’s stock worth $17,475,000 after purchasing an additional 701,036 shares during the last quarter. SG Americas Securities LLC lifted its stake in Community Health Systems by 384.7% in the second quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock valued at $715,000 after buying an additional 168,941 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Community Health Systems during the first quarter worth approximately $1,132,000. Vanguard Group Inc. increased its holdings in shares of Community Health Systems by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock valued at $28,436,000 after acquiring an additional 28,669 shares during the period. Finally, Red Door Wealth Management LLC raised its position in Community Health Systems by 126.6% in the 1st quarter. Red Door Wealth Management LLC now owns 26,060 shares of the company’s stock valued at $91,000 after purchasing an additional 14,560 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Stock Performance

Community Health Systems stock opened at $6.04 on Friday. The firm has a 50 day moving average price of $5.21 and a 200 day moving average price of $4.01. Community Health Systems has a fifty-two week low of $2.01 and a fifty-two week high of $6.29. The company has a market capitalization of $839.20 million, a PE ratio of -6.36 and a beta of 1.56.

Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, July 24th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.10 billion. Community Health Systems’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the business earned ($0.22) EPS. As a group, equities research analysts forecast that Community Health Systems will post -0.42 earnings per share for the current year.

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.