Community Health Systems (NYSE:CYH) Cut to Underperform at Raymond James

Raymond James downgraded shares of Community Health Systems (NYSE:CYH - Free Report) from a market perform rating to an underperform rating in a research report released on Friday morning, MarketBeat.com reports.

A number of other equities research analysts have also recently weighed in on CYH. Barclays increased their price target on Community Health Systems from $3.00 to $5.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. UBS Group upped their price objective on Community Health Systems from $4.70 to $5.10 and gave the company a "neutral" rating in a report on Wednesday, August 14th. StockNews.com raised Community Health Systems from a "sell" rating to a "hold" rating in a report on Friday, November 15th. Truist Financial decreased their price objective on Community Health Systems from $5.50 to $5.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Finally, Oppenheimer increased their target price on Community Health Systems from $4.50 to $5.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.18.

Community Health Systems Trading Down 3.7 %

Shares of Community Health Systems stock traded down $0.14 on Friday, reaching $3.61. 1,395,442 shares of the company were exchanged, compared to its average volume of 1,807,128. Community Health Systems has a one year low of $2.31 and a one year high of $6.29. The company has a market capitalization of $501.60 million, a price-to-earnings ratio of -1.19 and a beta of 1.60. The company has a 50-day moving average of $5.06 and a 200 day moving average of $4.49.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.14). The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the company posted ($0.33) EPS. The firm's quarterly revenue was up .1% on a year-over-year basis. Analysts predict that Community Health Systems will post -0.52 earnings per share for the current year.

Institutional Investors Weigh In On Community Health Systems

A number of hedge funds have recently added to or reduced their stakes in CYH. nVerses Capital LLC purchased a new position in shares of Community Health Systems during the second quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Community Health Systems during the second quarter valued at approximately $33,000. Signaturefd LLC purchased a new position in shares of Community Health Systems during the third quarter valued at approximately $33,000. Canada Pension Plan Investment Board purchased a new position in shares of Community Health Systems during the second quarter valued at approximately $45,000. Finally, CWM LLC boosted its position in shares of Community Health Systems by 32.1% during the third quarter. CWM LLC now owns 12,191 shares of the company's stock valued at $74,000 after buying an additional 2,961 shares during the last quarter. Institutional investors and hedge funds 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.