Community Health Systems (NYSE:CYH) Shares Gap Down to $5.18

Community Health Systems, Inc. (NYSE:CYH) gapped down prior to trading on Tuesday . The stock had previously closed at $5.18, but opened at $5.05. Community Health Systems shares last traded at $5.13, with a volume of 886,738 shares changing hands.

Analyst Upgrades and Downgrades

CYH has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a report on Monday, July 15th. Oppenheimer increased their price objective on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company upped their price target on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Community Health Systems has a consensus rating of “Hold” and an average target price of $4.65.

Community Health Systems Stock Up 1.9 %

The stock’s 50-day simple moving average is $3.67 and its 200 day simple moving average is $3.45. The firm has a market cap of $733.60 million, a P/E ratio of -5.45 and a beta of 1.52.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, July 24th. The company reported ($0.17) EPS 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 analyst estimates of $3.10 billion. Community Health Systems’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.22) earnings per share. On average, research analysts forecast that Community Health Systems, Inc. will post -0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its position in Community Health Systems by 3.6% in the 4th quarter. SG Americas Securities LLC now owns 81,513 shares of the company’s stock valued at $255,000 after buying an additional 2,866 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Community Health Systems by 3.7% during the fourth quarter. Raymond James & Associates now owns 132,423 shares of the company’s stock valued at $414,000 after acquiring an additional 4,680 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Community Health Systems by 0.9% during the 4th 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 in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Community Health Systems by 7.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 96,027 shares of the company’s stock worth $337,000 after buying an additional 6,852 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of Community Health Systems in the fourth quarter valued at $40,000. 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.