Community Health Systems (NYSE:CYH) Downgraded by StockNews.com to Sell

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

Other analysts have also recently issued reports about the stock. Royal Bank of Canada restated an “outperform” rating and set a $6.00 price objective on shares of Community Health Systems in a research note on Monday, August 12th. Truist Financial decreased their target price on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. UBS Group increased their price target on shares of Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Raymond James lowered shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday. Finally, Barclays increased their price target on Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.77.

Community Health Systems Stock Up 1.4 %

Community Health Systems stock traded up $0.05 during mid-day trading on Monday, reaching $3.70. 2,092,661 shares of the company’s stock traded hands, compared to its average volume of 1,814,761. Community Health Systems has a 12-month low of $2.31 and a 12-month high of $6.29. The company has a market cap of $514.12 million, a price-to-earnings ratio of -1.23 and a beta of 1.60. The stock has a 50 day moving average of $4.98 and a two-hundred day moving average of $4.51.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC grew its stake in shares of Community Health Systems by 1,278.2% in the third 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 acquired a new stake in shares of Community Health Systems in the third quarter valued at $500,000. Algert Global LLC lifted its holdings in shares of Community Health Systems by 39.5% in the third quarter. Algert Global LLC now owns 158,587 shares of the company’s stock valued at $963,000 after buying an additional 44,944 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Community Health Systems in the third quarter valued at $207,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Community Health Systems by 522.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 264,198 shares of the company’s stock valued at $1,604,000 after buying an additional 221,759 shares during the period. Institutional investors own 84.99% of the company’s stock.

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.