Community Health Systems, Inc. (NYSE:CYH) Given Average Rating of “Hold” by Brokerages

Community Health Systems, Inc. (NYSE:CYH) has received an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $4.73.

A number of equities research analysts recently commented on the stock. Oppenheimer raised their price objective on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. UBS Group lifted their price target 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. Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 target price on shares of Community Health Systems in a report on Monday, August 12th. Wells Fargo & Company upped their price target on shares of Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Truist Financial raised their price objective 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.

Community Health Systems Trading Down 0.2 %

Community Health Systems stock opened at $6.04 on Friday. The stock has a market capitalization of $839.20 million, a price-to-earnings ratio of -6.36 and a beta of 1.56. The stock has a 50 day moving average of $5.21 and a two-hundred day moving average of $4.01. Community Health Systems has a twelve month low of $2.01 and a twelve month high of $6.29.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Community Health Systems’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.22) EPS. Equities analysts predict that Community Health Systems will post -0.42 earnings per share for the current year.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds have recently added to or reduced their stakes in CYH. Assenagon Asset Management S.A. acquired a new stake in shares of Community Health Systems in the second quarter valued at approximately $5,121,000. Apollo Management Holdings L.P. acquired a new stake in Community Health Systems during the 1st quarter valued at $5,149,000. Bank of Montreal Can purchased a new position in Community Health Systems during the second quarter worth $3,692,000. Whitebox Advisors LLC lifted its position in shares of 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 acquiring an additional 913,542 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 valued at $17,475,000 after acquiring an additional 701,036 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Company Profile

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.