Community Health Systems (NYSE:CYH) Rating Lowered to “Sell” at StockNews.com

Community Health Systems (NYSE:CYH) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

A number of other equities research analysts have also commented on the stock. Barclays upped their price target on shares of Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Raymond James cut shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 price target on shares of Community Health Systems in a research report on Monday, August 12th. Truist Financial dropped their price target on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Finally, Wells Fargo & Company lowered shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $5.00 to $2.50 in a report on Monday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.77.

Community Health Systems Stock Up 1.4 %

Shares of Community Health Systems stock traded up $0.05 during trading on Monday, reaching $3.70. The company’s stock had a trading volume of 2,092,661 shares, compared to its average volume of 1,814,761. Community Health Systems has a 52-week low of $2.31 and a 52-week high of $6.29. The firm’s 50-day moving average is $4.98 and its two-hundred day moving average is $4.51. The company has a market cap of $514.12 million, a price-to-earnings ratio of -1.23 and a beta of 1.60.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.33) earnings per share. On average, equities research analysts anticipate that Community Health Systems will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CYH. Vanguard Group Inc. increased its stake 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 worth $28,436,000 after acquiring an additional 28,669 shares in the last quarter. Quadrature Capital Ltd increased its stake in Community Health Systems by 236.2% during the 1st quarter. Quadrature Capital Ltd now owns 105,777 shares of the company’s stock valued at $370,000 after purchasing an additional 74,319 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Community Health Systems by 7.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 96,027 shares of the company’s stock valued at $337,000 after purchasing an additional 6,852 shares in the last quarter. SG Americas Securities LLC increased its stake in Community Health Systems by 384.7% during the 2nd quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock valued at $715,000 after purchasing an additional 168,941 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Community Health Systems during the 2nd quarter valued at about $5,121,000. 84.99% of the stock is currently owned by institutional investors.

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.