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

Community Health Systems (NYSE:CYH - Free Report) had its target price reduced by UBS Group from $4.80 to $4.10 in a report published on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other analysts also recently weighed in on the company. Barclays dropped their target price on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday. StockNews.com downgraded Community Health Systems from a "hold" rating to a "sell" rating in a research report on Monday, November 25th. Truist Financial dropped their target price on Community Health Systems from $5.00 to $3.50 and set a "hold" rating for the company in a research report on Monday, January 6th. Raymond James downgraded Community Health Systems from a "market perform" rating to an "underperform" rating in a research report on Friday, November 22nd. Finally, Wells Fargo & Company downgraded Community Health Systems from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $5.00 to $2.50 in a research report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $4.18.

Community Health Systems Trading Down 0.7 %

Shares of CYH traded down $0.03 during trading hours on Thursday, reaching $3.52. 3,202,505 shares of the company's stock traded hands, compared to its average volume of 2,683,356. The stock has a market cap of $488.30 million, a PE ratio of -0.90 and a beta of 1.63. The firm's 50 day simple moving average is $3.21 and its 200-day simple moving average is $4.27. Community Health Systems has a 12 month low of $2.51 and a 12 month high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share (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 analysts' expectations of $3.14 billion. As a group, analysts expect that Community Health Systems will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of Community Health Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Community Health Systems by 12.3% in the fourth quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company's stock valued at $33,490,000 after purchasing an additional 1,229,039 shares during the last quarter. Apollo Management Holdings L.P. increased its stake in shares of Community Health Systems by 20.5% during the fourth quarter. Apollo Management Holdings L.P. now owns 6,689,741 shares of the company's stock valued at $20,002,000 after buying an additional 1,138,596 shares during the period. Assenagon Asset Management S.A. increased its stake 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 valued at $12,459,000 after buying an additional 2,550,678 shares during the period. DG Capital Management LLC increased its stake in shares of Community Health Systems by 54.8% during the fourth quarter. DG Capital Management LLC now owns 3,502,511 shares of the company's stock valued at $10,473,000 after buying an additional 1,240,413 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Community Health Systems by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company's stock valued at $8,402,000 after buying an additional 9,772 shares during the period. Institutional investors own 84.99% of the company's stock.

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.