Community Health Systems, Inc. (NYSE:CYH) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Community Health Systems, Inc. (NYSE:CYH) have been given an average rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $4.73.

Several analysts have recently weighed in on CYH shares. UBS Group lifted their price objective on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Royal Bank of Canada restated an “outperform” rating and set a $6.00 target price on shares of Community Health Systems in a research report on Monday, August 12th. Oppenheimer raised their target price on Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company raised their target price on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Finally, Truist Financial lifted their price objective on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a research report on Monday, July 15th.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Algert Global LLC grew its stake in shares of Community Health Systems by 250.7% during the second quarter. Algert Global LLC now owns 113,643 shares of the company’s stock worth $382,000 after purchasing an additional 81,236 shares during the period. Susquehanna Fundamental Investments LLC grew its stake in shares of Community Health Systems by 13.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 367,593 shares of the company’s stock worth $1,235,000 after purchasing an additional 44,181 shares during the period. Mackenzie Financial Corp grew its stake in shares of Community Health Systems by 6.8% during the second quarter. Mackenzie Financial Corp now owns 33,269 shares of the company’s stock worth $112,000 after purchasing an additional 2,106 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Community Health Systems by 5.8% during the second quarter. The Manufacturers Life Insurance Company now owns 49,701 shares of the company’s stock worth $167,000 after purchasing an additional 2,739 shares during the period. Finally, Whitebox Advisors LLC grew its stake in shares of Community Health Systems by 43.3% during the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock worth $10,150,000 after purchasing an additional 913,542 shares during the period. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Down 0.5 %

CYH opened at $6.01 on Friday. The firm has a market capitalization of $835.19 million, a P/E ratio of -6.33 and a beta of 1.56. The stock’s 50 day moving average price is $5.26 and its two-hundred day moving average price is $4.04. Community Health Systems has a 12-month low of $2.01 and a 12-month high of $6.29.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data 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 firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. As a group, analysts anticipate that Community Health Systems will post -0.42 earnings per share 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.