Community Health Systems (NYSE:CYH) Sets New 1-Year High at $5.48

Community Health Systems, Inc. (NYSE:CYH - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $5.48 and last traded at $5.41, with a volume of 561813 shares changing hands. The stock had previously closed at $5.33.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CYH. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $6.00 target price on shares of Community Health Systems in a research report on Monday, August 12th. Wells Fargo & Company lifted their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the company an "equal weight" rating in a report on Tuesday, July 30th. Oppenheimer increased their target price on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Truist Financial boosted their price target on shares of Community Health Systems from $3.75 to $4.25 and gave the stock a "hold" rating in a research note on Monday, July 15th. Finally, UBS Group increased their price objective on Community Health Systems from $4.70 to $5.10 and gave the company a "neutral" rating in a research note on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $4.73.

Community Health Systems Trading Up 2.2 %

The firm's fifty day simple moving average is $4.26 and its 200 day simple moving average is $3.65. The company has a market cap of $756.67 million, a price-to-earnings ratio of -5.73 and a beta of 1.52.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The company had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the firm posted ($0.22) EPS. The firm's revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts expect that Community Health Systems, Inc. will post -0.41 EPS for the current year.

Institutional Investors Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently bought and sold shares of CYH. Vanguard Group Inc. grew its holdings in shares of Community Health Systems by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company's stock worth $28,436,000 after purchasing an additional 28,669 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Community Health Systems by 14.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,583,032 shares of the company's stock worth $17,475,000 after buying an additional 701,036 shares during the period. Whitebox Advisors LLC lifted its stake in Community Health Systems by 43.3% in the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company's stock valued at $10,150,000 after buying an additional 913,542 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Community Health Systems by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company's stock valued at $5,875,000 after acquiring an additional 43,145 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in shares of Community Health Systems by 5.0% in the 1st quarter. First Eagle Investment Management LLC now owns 1,657,121 shares of the company's stock valued at $5,800,000 after acquiring an additional 79,000 shares during the period. 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.