Community Health Systems (NYSE:CYH) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Community Health Systems (NYSE:CYH) from a sell rating to a hold rating in a report released on Friday morning.

Several other research firms have also issued reports on CYH. Barclays raised their price target on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. UBS Group raised their target price on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Truist Financial lowered their price target on 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. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 price target on shares of Community Health Systems in a research report on Monday, August 12th. Finally, Oppenheimer increased their target price on Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.18.

Community Health Systems Trading Down 3.8 %

Shares of CYH traded down $0.15 during trading hours on Friday, hitting $3.84. 2,196,286 shares of the stock traded hands, compared to its average volume of 1,814,411. The firm has a market capitalization of $533.57 million, a PE ratio of -1.27 and a beta of 1.60. Community Health Systems has a 1-year low of $2.31 and a 1-year high of $6.29. The business has a fifty day moving average of $5.20 and a 200-day moving average of $4.47.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the company posted ($0.33) EPS. Community Health Systems’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts expect that Community Health Systems will post -0.52 earnings per share for the current fiscal year.

Institutional Trading of Community Health Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Community Health Systems by 1,278.2% during the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock worth $4,296,000 after purchasing an additional 656,447 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Community Health Systems during the third quarter worth $500,000. Algert Global LLC grew its position in shares of Community Health Systems by 39.5% in the 3rd quarter. Algert Global LLC now owns 158,587 shares of the company’s stock valued at $963,000 after acquiring an additional 44,944 shares during the period. Intech Investment Management LLC acquired a new position in shares of Community Health Systems during the 3rd quarter worth about $207,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Community Health Systems by 522.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 264,198 shares of the company’s stock valued at $1,604,000 after purchasing an additional 221,759 shares during the period. 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.