Community Health Systems (NYSE:CYH) Price Target Lowered to $4.10 at UBS Group

Community Health Systems (NYSE:CYH) had its price target trimmed by UBS Group from $4.80 to $4.10 in a report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently commented on the stock. Truist Financial decreased 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 report on Monday, January 6th. StockNews.com cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Wells Fargo & Company lowered Community Health Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $5.00 to $2.50 in a report on Monday, November 25th. Barclays dropped their price target on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Raymond James lowered Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.18.

Community Health Systems Price Performance

NYSE CYH opened at $3.55 on Thursday. The company has a market capitalization of $492.57 million, a P/E ratio of -0.91 and a beta of 1.63. Community Health Systems has a 12 month low of $2.51 and a 12 month high of $6.29. The company’s 50 day simple moving average is $3.21 and its 200 day simple moving average is $4.28.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.51). The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.14 billion. On average, analysts anticipate that Community Health Systems will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CYH. CWM LLC lifted its holdings in shares of Community Health Systems by 32.1% during the 3rd 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. Creative Planning acquired a new stake in Community Health Systems in the third quarter valued at approximately $163,000. Signaturefd LLC acquired a new position in shares of Community Health Systems during the 3rd quarter worth $33,000. Assenagon Asset Management S.A. raised its holdings in shares of Community Health Systems by 6.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,616,212 shares of the company’s stock valued at $9,810,000 after purchasing an additional 91,985 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new stake in shares of Community Health Systems in the 3rd quarter valued at $610,000. 84.99% of the stock is owned by institutional investors and hedge funds.

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.