Community Health Systems, Inc. (NYSE:CYH) Given Consensus Rating of "Hold" by Analysts

Shares of Community Health Systems, Inc. (NYSE:CYH - Get Free Report) have received a consensus recommendation of "Hold" from the seven brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $4.52.

Several brokerages recently issued reports on CYH. StockNews.com downgraded 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 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. Wells Fargo & Company lowered shares of Community Health Systems from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $5.00 to $2.50 in a report on Monday, November 25th. Raymond James downgraded Community Health Systems from a "market perform" rating to an "underperform" rating in a research report on Friday, November 22nd. Finally, 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.

Community Health Systems Stock Up 0.7 %

Shares of Community Health Systems stock traded up $0.03 on Friday, reaching $3.42. The company's stock had a trading volume of 1,992,408 shares, compared to its average volume of 1,451,588. Community Health Systems has a 52 week low of $2.51 and a 52 week high of $6.29. The company has a market capitalization of $474.51 million, a price-to-earnings ratio of -1.13 and a beta of 1.59. The firm's fifty day simple moving average is $3.29 and its two-hundred day simple moving average is $4.41.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.08 billion. The business's revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.33) earnings per share. As a group, research analysts predict that Community Health Systems will post -0.56 EPS for the current year.

Institutional Trading of Community Health Systems

A number of institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its holdings in shares of Community Health Systems by 157.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company's stock worth $12,459,000 after purchasing an additional 2,550,678 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Community Health Systems by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company's stock worth $5,875,000 after acquiring an additional 43,145 shares during the period. Bank of Montreal Can acquired a new stake in Community Health Systems in the 2nd quarter worth about $3,692,000. Marshall Wace LLP increased its position in shares of Community Health Systems by 51.0% during the second quarter. Marshall Wace LLP now owns 942,303 shares of the company's stock worth $3,166,000 after purchasing an additional 318,333 shares in the last quarter. Finally, Barclays PLC raised its position 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 valued at $4,296,000 after buying an additional 656,447 shares during the last quarter. Institutional investors and hedge funds 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.