Community Health Systems (NYSE:CYH) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Community Health Systems (NYSE:CYH) from a sell rating to a hold rating in a report issued on Thursday.

Several other equities analysts have also recently weighed in on the company. Wells Fargo & Company cut Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $5.00 to $2.50 in a report on Monday, November 25th. UBS Group lowered 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 research note on Thursday. 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 note on Monday, January 6th. Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Finally, Barclays cut their price objective on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.18.

Community Health Systems Price Performance

Shares of NYSE:CYH opened at $3.55 on Thursday. The firm’s 50 day simple moving average is $3.21 and its 200 day simple moving average is $4.28. The company has a market capitalization of $492.57 million, a price-to-earnings ratio of -0.91 and a beta of 1.63. Community Health Systems has a fifty-two week low of $2.51 and a fifty-two week high of $6.29.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Equities research analysts expect that Community Health Systems will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors have recently made changes to their positions in CYH. Signaturefd LLC acquired a new stake in Community Health Systems during the 3rd quarter worth approximately $33,000. Tower Research Capital LLC TRC increased its position in Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock worth $27,000 after buying an additional 6,445 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Community Health Systems during the fourth quarter worth $33,000. Cibc World Markets Corp bought a new stake in shares of Community Health Systems in the fourth quarter valued at about $35,000. Finally, CWM LLC boosted its holdings in Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after purchasing an additional 2,961 shares during the period. 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.