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

Community Health Systems, Inc. (NYSE:CYH) has earned an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $4.52.

A number of research analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a research note on Monday, January 6th. Raymond James downgraded shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd. StockNews.com downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Barclays lifted 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. Finally, Wells Fargo & Company cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $5.00 to $2.50 in a report on Monday, November 25th.

Community Health Systems Stock Performance

NYSE CYH opened at $3.33 on Friday. The firm has a 50 day simple moving average of $3.26 and a 200-day simple moving average of $4.41. Community Health Systems has a one year low of $2.51 and a one year high of $6.29. The firm has a market cap of $462.00 million, a price-to-earnings ratio of -1.10 and a beta of 1.59.

Institutional Trading of Community Health Systems

A number of hedge funds have recently added to or reduced their stakes in CYH. Dimensional Fund Advisors LP increased its stake in Community Health Systems by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company’s stock valued at $5,875,000 after buying an additional 43,145 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Community Health Systems by 111.8% in the second quarter. Renaissance Technologies LLC now owns 537,093 shares of the company’s stock valued at $1,805,000 after acquiring an additional 283,500 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of Community Health Systems by 16.2% in the second quarter. XTX Topco Ltd now owns 72,877 shares of the company’s stock valued at $245,000 after acquiring an additional 10,174 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Community Health Systems in the second quarter valued at about $45,000. Finally, Sei Investments Co. purchased a new stake in shares of Community Health Systems in the second quarter valued at about $127,000. 84.99% of the stock is owned by institutional investors and hedge funds.

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.