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

Community Health Systems, Inc. (NYSE:CYH) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $4.10.

CYH has been the topic of a number of research reports. Raymond James lowered shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Truist Financial lowered their target price on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, January 6th. UBS Group decreased their price objective on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Finally, Barclays decreased their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, February 20th.

Institutional Investors Weigh In On Community Health Systems

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Community Health Systems by 12.3% during the 4th quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company’s stock worth $33,490,000 after buying an additional 1,229,039 shares during the period. Apollo Management Holdings L.P. lifted its position in shares of Community Health Systems by 20.5% in the 4th quarter. Apollo Management Holdings L.P. now owns 6,689,741 shares of the company’s stock worth $20,002,000 after purchasing an additional 1,138,596 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Community Health Systems by 157.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock valued at $12,459,000 after acquiring an additional 2,550,678 shares during the period. DG Capital Management LLC lifted its position in shares of Community Health Systems by 54.8% during the 4th quarter. DG Capital Management LLC now owns 3,502,511 shares of the company’s stock valued at $10,473,000 after acquiring an additional 1,240,413 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Community Health Systems by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company’s stock valued at $8,402,000 after acquiring an additional 9,772 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Trading Up 6.1 %

CYH opened at $2.70 on Friday. The stock has a market capitalization of $374.40 million, a PE ratio of -0.69 and a beta of 1.81. Community Health Systems has a 1-year low of $2.53 and a 1-year high of $6.29. The firm has a 50-day moving average price of $3.20 and a two-hundred day moving average price of $4.07.

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 company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.14 billion. On average, research analysts predict that Community Health Systems will post -0.29 EPS for the current year.

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.