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

Shares of Community Health Systems, Inc. (NYSE:CYH) have been given an average recommendation of “Hold” by the five research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $4.65.

Several research analysts recently weighed in on CYH shares. Truist Financial increased their target price on Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a research report on Monday, July 15th. Wells Fargo & Company lifted their price objective on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Oppenheimer increased their target price on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th.

Community Health Systems Price Performance

NYSE:CYH traded down $0.10 during mid-day trading on Friday, reaching $4.84. The company’s stock had a trading volume of 782,161 shares, compared to its average volume of 1,910,789. Community Health Systems has a twelve month low of $2.01 and a twelve month high of $5.48. The company’s fifty day simple moving average is $3.90 and its two-hundred day simple moving average is $3.54. The stock has a market cap of $672.60 million, a P/E ratio of -5.09 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) earnings per share (EPS) 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. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted ($0.22) EPS. Sell-side analysts expect that Community Health Systems will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Community Health Systems by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock valued at $28,436,000 after purchasing an additional 28,669 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Community Health Systems by 14.4% during the 4th 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. Dimensional Fund Advisors LP increased its position in shares of Community Health Systems by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company’s stock worth $5,875,000 after purchasing an additional 43,145 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Community Health Systems by 5.0% in the 1st quarter. First Eagle Investment Management LLC now owns 1,657,121 shares of the company’s stock valued at $5,800,000 after purchasing an additional 79,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Community Health Systems during the second quarter worth about $5,121,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.