Community Health Systems, Inc. (NYSE:CYH) Receives Consensus Recommendation of "Hold" from Analysts

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) has been assigned an average recommendation of "Hold" from the six research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.18.

Several research analysts have recently commented on the company. StockNews.com lowered Community Health Systems from a "hold" rating to a "sell" rating in a research report on Thursday. UBS Group boosted their price target on Community Health Systems from $4.70 to $5.10 and gave the stock a "neutral" rating in a research report on Wednesday, August 14th. Royal Bank of Canada reissued an "outperform" rating and issued a $6.00 price target on shares of Community Health Systems in a research report on Monday, August 12th. Truist Financial dropped their target price on Community Health Systems from $5.50 to $5.00 and set a "hold" rating on the stock in a research note on Friday, October 25th. Finally, Oppenheimer boosted 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.

Community Health Systems Price Performance

Shares of Community Health Systems stock traded down $0.01 on Monday, reaching $4.48. The company had a trading volume of 711,448 shares, compared to its average volume of 1,802,113. The firm's 50-day moving average price is $5.34 and its two-hundred day moving average price is $4.46. Community Health Systems has a 1 year low of $2.28 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.14). The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.33) EPS. Equities analysts expect that Community Health Systems will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CYH. Assenagon Asset Management S.A. acquired a new stake in shares of Community Health Systems in the second quarter valued at $5,121,000. Apollo Management Holdings L.P. acquired a new stake in shares of Community Health Systems in the first quarter valued at $5,149,000. Bank of Montreal Can acquired a new stake in shares of Community Health Systems in the second quarter valued at $3,692,000. Whitebox Advisors LLC raised its stake in shares of Community Health Systems by 43.3% in the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company's stock valued at $10,150,000 after acquiring an additional 913,542 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Community Health Systems in the first quarter valued at $1,132,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.