Community Health Systems (NYSE:CYH) Price Target Lowered to $4.10 at UBS Group

Community Health Systems (NYSE:CYH) had its price target reduced by UBS Group from $4.80 to $4.10 in a report issued on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued reports about the company. Truist Financial reduced their price objective on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research note on Monday, January 6th. Barclays decreased their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday. StockNews.com downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Wells Fargo & Company cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $5.00 to $2.50 in a research report on Monday, November 25th. Finally, Raymond James cut Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Community Health Systems has a consensus rating of “Hold” and a consensus price target of $4.18.

Community Health Systems Stock Performance

Community Health Systems stock opened at $3.55 on Thursday. Community Health Systems has a 1 year low of $2.51 and a 1 year high of $6.29. The firm has a 50 day moving average price of $3.21 and a 200 day moving average price of $4.28. The company has a market cap of $492.57 million, a price-to-earnings ratio of -0.91 and a beta of 1.63.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.14 billion. Sell-side analysts predict that Community Health Systems will post -0.01 EPS for the current year.

Institutional Trading of Community Health Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock worth $27,000 after purchasing an additional 6,445 shares during the last quarter. Signaturefd LLC acquired a new stake in Community Health Systems during the third quarter valued at approximately $33,000. Two Sigma Securities LLC bought a new stake in shares of Community Health Systems in the 4th quarter valued at approximately $33,000. Cibc World Markets Corp bought a new position in Community Health Systems during the fourth quarter worth $35,000. Finally, Virtu Financial LLC acquired a new position in Community Health Systems in the fourth quarter worth $38,000. 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.