Community Health Systems (NYSE:CYH) Upgraded at StockNews.com

Community Health Systems (NYSE:CYH - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Thursday.

A number of other research firms have also recently commented on CYH. UBS Group dropped their target price on Community Health Systems from $4.80 to $4.10 and set a "neutral" rating on the stock in a research report on Thursday. Raymond James downgraded shares of Community Health Systems from a "market perform" rating to an "underperform" rating in a research report on Friday, November 22nd. Barclays dropped their price objective on Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday. Wells Fargo & Company cut Community Health Systems from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $5.00 to $2.50 in a report on Monday, November 25th. Finally, Truist Financial decreased their price objective 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $4.18.

Community Health Systems Stock Down 0.7 %

CYH stock traded down $0.03 during midday trading 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. Community Health Systems has a 1-year low of $2.51 and a 1-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. The company has a 50-day simple moving average of $3.21 and a two-hundred day simple moving average of $4.27.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $3.14 billion. Equities research analysts forecast that Community Health Systems will post -0.29 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its holdings 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 worth $12,459,000 after purchasing an additional 2,550,678 shares during the period. Helix Partners Management LP bought a new position in Community Health Systems during the fourth quarter worth $4,923,000. Columbus Hill Capital Management L.P. bought a new position in Community Health Systems during the fourth quarter worth $3,887,000. Renaissance Technologies LLC raised its stake in Community Health Systems by 913.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company's stock worth $4,247,000 after buying an additional 1,280,300 shares during the last quarter. Finally, DG Capital Management LLC increased its stake in Community Health Systems by 54.8% in the fourth quarter. DG Capital Management LLC now owns 3,502,511 shares of the company's stock valued at $10,473,000 after purchasing an additional 1,240,413 shares in the last quarter. 84.99% of the stock is owned by 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.