Brokerages Set Community Health Systems, Inc. (NYSE:CYH) PT at $4.52

Shares of Community Health Systems, Inc. (NYSE:CYH) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $4.52.

Several analysts recently commented on the stock. Barclays raised their price objective on shares of 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. StockNews.com cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Raymond James cut shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Truist Financial cut their target price on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, Wells Fargo & Company cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $5.00 to $2.50 in a research report on Monday, November 25th.

Institutional Investors Weigh In On Community Health Systems

A number of hedge funds and other institutional investors have recently modified their holdings of CYH. Assenagon Asset Management S.A. grew its holdings in Community Health Systems by 157.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock valued at $12,459,000 after purchasing an additional 2,550,678 shares during the period. Dimensional Fund Advisors LP grew its holdings in Community Health Systems by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company’s stock valued at $5,875,000 after purchasing an additional 43,145 shares during the period. Bank of Montreal Can purchased a new stake in Community Health Systems in the second quarter valued at approximately $3,692,000. Marshall Wace LLP grew its stake in Community Health Systems by 51.0% during the second quarter. Marshall Wace LLP now owns 942,303 shares of the company’s stock worth $3,166,000 after buying an additional 318,333 shares during the period. Finally, Barclays PLC grew its stake in Community Health Systems by 1,278.2% during the third quarter. Barclays PLC now owns 707,805 shares of the company’s stock worth $4,296,000 after buying an additional 656,447 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Community Health Systems Stock Up 1.1 %

Shares of NYSE CYH opened at $3.33 on Friday. Community Health Systems has a 52 week low of $2.51 and a 52 week high of $6.29. The firm has a 50-day moving average price of $3.26 and a 200 day moving average price of $4.41. The stock has a market capitalization of $462.00 million, a price-to-earnings ratio of -1.10 and a beta of 1.59.

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.