Barclays Lowers Community Health Systems (NYSE:CYH) Price Target to $4.00

Community Health Systems (NYSE:CYH - Free Report) had its price target cut by Barclays from $5.00 to $4.00 in a report published on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts also recently commented on CYH. StockNews.com downgraded shares of Community Health Systems from a "hold" rating to a "sell" rating in a research report on Monday, November 25th. Truist Financial decreased their target price on shares of 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 cut shares of Community Health Systems from a "market perform" rating to an "underperform" rating in a research note on Friday, November 22nd. Finally, Wells Fargo & Company cut shares of Community Health Systems from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $5.00 to $2.50 in a research note on Monday, November 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Community Health Systems presently has a consensus rating of "Hold" and a consensus target price of $4.18.

Community Health Systems Trading Down 0.7 %

Shares of NYSE CYH traded down $0.03 during midday trading on Thursday, reaching $3.52. The company's stock had a trading volume of 3,202,505 shares, compared to its average volume of 2,683,356. The company has a 50 day moving average price of $3.21 and a 200 day moving average price of $4.27. Community Health Systems has a one year low of $2.51 and a one year high of $6.29. The company has a market cap of $488.30 million, a price-to-earnings ratio of -0.90 and a beta of 1.63.

Community Health Systems (NYSE:CYH - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $3.14 billion. Research analysts anticipate that Community Health Systems will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of Community Health Systems

A number of hedge funds have recently modified their holdings of CYH. Signaturefd LLC bought a new position in shares of Community Health Systems during the 3rd quarter worth approximately $33,000. Tower Research Capital LLC TRC boosted its position in Community Health Systems by 250.0% during the fourth 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 period. Two Sigma Securities LLC acquired a new stake in shares of Community Health Systems during the fourth quarter worth $33,000. Cibc World Markets Corp acquired a new stake in shares of Community Health Systems during the fourth quarter worth $35,000. Finally, CWM LLC lifted its holdings in shares of Community Health Systems by 32.1% during the third quarter. CWM LLC now owns 12,191 shares of the company's stock worth $74,000 after buying an additional 2,961 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.