Community Health Systems (NYSE:CYH) Reaches New 12-Month High at $5.20

Community Health Systems, Inc. (NYSE:CYH)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $5.20 and last traded at $5.20, with a volume of 2283 shares. The stock had previously closed at $5.09.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Oppenheimer boosted their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a report on Thursday. Truist Financial upped their target price on Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a report on Monday, July 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.25.

Community Health Systems Stock Down 0.6 %

The company’s fifty day simple moving average is $3.64 and its 200-day simple moving average is $3.44.

Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share 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 analysts’ expectations of $3.10 billion. During the same quarter last year, the business posted ($0.22) EPS. Community Health Systems’s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Community Health Systems, Inc. will post -0.35 EPS for the current fiscal year.

Institutional Trading of Community Health Systems

Several large investors have recently bought and sold shares of CYH. Assenagon Asset Management S.A. acquired a new stake in shares of Community Health Systems during the second quarter worth $5,121,000. Apollo Management Holdings L.P. purchased a new stake in Community Health Systems during the 1st quarter valued at about $5,149,000. Charles Schwab Investment Management Inc. raised its stake in shares of Community Health Systems by 14.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,583,032 shares of the company’s stock worth $17,475,000 after purchasing an additional 701,036 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Community Health Systems in the first quarter valued at approximately $1,132,000. Finally, SG Americas Securities LLC increased its holdings in Community Health Systems by 384.7% in the 2nd quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock worth $715,000 after buying an additional 168,941 shares during the period. Hedge funds and other institutional investors 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.