Community Health Systems (NYSE:CYH) Sets New 1-Year High at $5.64

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $5.64 and last traded at $5.63, with a volume of 39527 shares trading hands. The stock had previously closed at $5.54.

Analyst Upgrades and Downgrades

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

Community Health Systems Trading Up 3.2 %

The firm's 50 day moving average is $4.59 and its two-hundred day moving average is $3.73. The firm has a market cap of $794.19 million, a P/E ratio of -6.02 and a beta of 1.56.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm earned ($0.22) earnings per share. Community Health Systems's revenue was up .8% compared to the same quarter last year. Analysts predict that Community Health Systems, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CYH. Los Angeles Capital Management LLC lifted its stake in Community Health Systems by 46.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 114,710 shares of the company's stock valued at $359,000 after buying an additional 36,360 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Community Health Systems by 14.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,583,032 shares of the company's stock valued at $17,475,000 after purchasing an additional 701,036 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Community Health Systems by 8.4% in the fourth quarter. First Eagle Investment Management LLC now owns 1,578,121 shares of the company's stock valued at $4,940,000 after purchasing an additional 122,000 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Community Health Systems by 0.9% in the fourth quarter. Panagora Asset Management Inc. now owns 730,256 shares of the company's stock valued at $2,286,000 after purchasing an additional 6,333 shares during the last quarter. Finally, RPO LLC acquired a new stake in shares of Community Health Systems in the fourth quarter valued at approximately $75,000. Institutional investors own 84.99% of the company's stock.

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.