UBS Group Boosts Community Health Systems (NYSE:CYH) Price Target to $5.10

Community Health Systems (NYSE:CYH) had its target price lifted by UBS Group from $4.70 to $5.10 in a research report sent to investors on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts also recently issued reports on the stock. Oppenheimer raised their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the company an outperform rating in a research note on Thursday, July 25th. Wells Fargo & Company lifted their target price on shares of 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 target price on shares of Community Health Systems from $3.75 to $4.25 and gave the stock a hold rating in a research note on Monday, July 15th. Finally, Royal Bank of Canada reissued an outperform rating and set a $6.00 target price on shares of Community Health Systems in a research note on Monday, August 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Community Health Systems currently has an average rating of Hold and an average target price of $4.73.

Community Health Systems Price Performance

Shares of Community Health Systems stock opened at $5.01 on Wednesday. Community Health Systems has a fifty-two week low of $2.01 and a fifty-two week high of $5.48. The firm has a market capitalization of $696.22 million, a P/E ratio of -5.27 and a beta of 1.52. The company’s 50 day moving average price is $4.02 and its two-hundred day moving average price is $3.58.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.10 billion. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.22) earnings per share. On average, analysts expect that Community Health Systems will post -0.41 earnings per share for the current year.

Institutional Investors Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently bought and sold shares of CYH. Assenagon Asset Management S.A. bought a new stake in Community Health Systems in the second quarter valued at $5,121,000. Apollo Management Holdings L.P. bought a new stake in Community Health Systems in the first quarter valued at $5,149,000. Bank of Montreal Can bought a new stake in Community Health Systems in the second quarter valued at $3,692,000. Whitebox Advisors LLC increased its stake in Community Health Systems by 43.3% in the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock valued at $10,150,000 after purchasing an additional 913,542 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Community Health Systems by 14.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,583,032 shares of the company’s stock valued at $17,475,000 after purchasing an additional 701,036 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

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.