Community Health Systems, Inc. (NYSE:CYH) Receives Average Rating of "Hold" from Analysts

Shares of Community Health Systems, Inc. (NYSE:CYH - Get Free Report) have been given an average recommendation of "Hold" by the six ratings firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4.73.

CYH has been the topic of a number of analyst reports. UBS Group boosted 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 increased their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 30th. Oppenheimer boosted their target price on Community Health Systems from $4.50 to $5.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Truist Financial upped their target price on Community Health Systems from $3.75 to $4.25 and gave the company a "hold" rating in a research note on Monday, July 15th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $6.00 price target on shares of Community Health Systems in a research note on Monday, August 12th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in 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 buying an additional 28,669 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in 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 worth $17,475,000 after purchasing an additional 701,036 shares during the last quarter. Whitebox Advisors LLC lifted its holdings in shares of Community Health Systems by 43.3% during the 2nd quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company's stock valued at $10,150,000 after purchasing an additional 913,542 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Community Health Systems by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company's stock valued at $5,875,000 after buying an additional 43,145 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Community Health Systems by 5.0% in the first quarter. First Eagle Investment Management LLC now owns 1,657,121 shares of the company's stock valued at $5,800,000 after buying an additional 79,000 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Trading Up 2.2 %

Shares of NYSE:CYH traded up $0.12 during trading on Wednesday, reaching $5.45. The company's stock had a trading volume of 1,200,122 shares, compared to its average volume of 1,850,627. The firm's 50 day simple moving average is $4.26 and its two-hundred day simple moving average is $3.65. Community Health Systems has a 12 month low of $2.01 and a 12 month high of $5.51. The stock has a market capitalization of $756.67 million, a PE ratio of -5.73 and a beta of 1.52.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the firm earned ($0.22) earnings per share. Community Health Systems's revenue was up .8% on a year-over-year basis. Research analysts anticipate that Community Health Systems will post -0.41 EPS for the current fiscal year.

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.