Community Health Systems (NYSE:CYH) Price Target Cut to $3.00 by Analysts at Truist Financial

Community Health Systems (NYSE:CYH - Free Report) had its price target lowered by Truist Financial from $4.00 to $3.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also recently issued reports on the stock. StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Wells Fargo & Company decreased their target price on Community Health Systems from $2.50 to $2.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th. UBS Group lowered their price objective on shares of Community Health Systems from $4.80 to $4.10 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Guggenheim assumed coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Finally, Barclays reduced their target price on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $4.02.

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Community Health Systems Trading Down 3.3 %

NYSE:CYH traded down $0.09 during trading hours on Friday, hitting $2.50. The company's stock had a trading volume of 1,743,985 shares, compared to its average volume of 2,092,631. The stock has a market capitalization of $350.06 million, a P/E ratio of -0.64 and a beta of 1.72. Community Health Systems has a 52-week low of $2.24 and a 52-week high of $6.29. The stock has a fifty day moving average of $2.95 and a 200-day moving average of $3.58.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.51). The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.14 billion. On average, sell-side analysts forecast that Community Health Systems will post -0.29 earnings per share for the current year.

Institutional Trading of Community Health Systems

Several large investors have recently modified their holdings of the business. Y Intercept Hong Kong Ltd acquired a new position in shares of Community Health Systems in the 3rd quarter worth approximately $500,000. Barclays PLC raised its stake in Community Health Systems by 1,278.2% during the 3rd quarter. Barclays PLC now owns 707,805 shares of the company's stock valued at $4,296,000 after acquiring an additional 656,447 shares in the last quarter. Franklin Resources Inc. grew its position in Community Health Systems by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 75,520 shares of the company's stock valued at $422,000 after buying an additional 2,989 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in 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 in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Community Health Systems by 166.7% in the 4th quarter. SG Americas Securities LLC now owns 59,529 shares of the company's stock worth $178,000 after buying an additional 37,211 shares in the last quarter. 84.99% of the stock is currently 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.