Community Health Systems (NYSE:CYH) Sets New 1-Year High at $5.82

Community Health Systems, Inc. (NYSE:CYH) hit a new 52-week high on Monday . The company traded as high as $5.82 and last traded at $5.76, with a volume of 920078 shares changing hands. The stock had previously closed at $5.72.

Analyst Upgrades and Downgrades

CYH has been the topic of a number of research reports. UBS Group raised their price objective on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Wells Fargo & Company lifted their price target on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Truist Financial lifted their price target on Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a research note on Monday, July 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price target on shares of Community Health Systems in a research note on Monday, August 12th. Finally, Oppenheimer boosted their target price on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.73.

Community Health Systems Stock Up 0.7 %

The stock has a market capitalization of $800.29 million, a P/E ratio of -6.02 and a beta of 1.56. The business has a fifty day moving average price of $4.81 and a 200-day moving average price of $3.83.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.10 billion. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.22) EPS. On average, equities analysts expect that Community Health Systems, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Trading of Community Health Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp boosted its stake in shares of Community Health Systems by 6.8% in the second quarter. Mackenzie Financial Corp now owns 33,269 shares of the company’s stock worth $112,000 after acquiring an additional 2,106 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Community Health Systems by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 49,701 shares of the company’s stock worth $167,000 after acquiring an additional 2,739 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of Community Health Systems by 0.9% in the fourth quarter. Panagora Asset Management Inc. now owns 730,256 shares of the company’s stock worth $2,286,000 after acquiring an additional 6,333 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Community Health Systems by 7.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 96,027 shares of the company’s stock valued at $337,000 after buying an additional 6,852 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Community Health Systems during the second quarter valued at approximately $25,000. 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.