Community Health Systems (NYSE:CYH) Trading Down 6.3% - Should You Sell?

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) dropped 6.3% during trading on Wednesday . The stock traded as low as $3.60 and last traded at $3.68. Approximately 313,773 shares changed hands during trading, a decline of 87% from the average daily volume of 2,458,883 shares. The stock had previously closed at $3.92.

Analysts Set New Price Targets

CYH has been the subject of several analyst reports. UBS Group lowered their price target on shares of Community Health Systems from $4.80 to $4.10 and set a "neutral" rating for the company in a report on Thursday, February 20th. Wells Fargo & Company cut shares of Community Health Systems from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $5.00 to $2.50 in a report on Monday, November 25th. Truist Financial lowered 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 report on Monday, January 6th. Barclays lowered their target price on shares of Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, February 20th. Finally, Raymond James cut shares of Community Health Systems from a "market perform" rating to an "underperform" rating in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $4.18.

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Community Health Systems Trading Down 10.0 %

The stock has a market cap of $417.46 million, a price-to-earnings ratio of -0.77 and a beta of 1.63. The stock's 50 day moving average is $3.25 and its two-hundred day moving average is $4.22.

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 for the quarter, missing analysts' consensus estimates of $0.09 by ($0.51). The company had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $3.14 billion. On average, sell-side analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Hedge Funds Weigh In On Community Health Systems

A number of large investors have recently bought and sold shares of CYH. Tower Research Capital LLC TRC raised its position in Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock worth $27,000 after buying an additional 6,445 shares during the last quarter. Two Sigma Securities LLC purchased a new position in Community Health Systems during the 4th quarter worth $33,000. Cibc World Markets Corp purchased a new position in Community Health Systems during the 4th quarter worth $35,000. Virtu Financial LLC purchased a new position in Community Health Systems during the 4th quarter worth $38,000. Finally, Canada Pension Plan Investment Board purchased a new position in Community Health Systems during the 4th quarter worth $54,000. Hedge funds and other institutional investors 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.