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

Community Health Systems, Inc. (NYSE:CYH) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.18.

CYH has been the topic of several recent research reports. Barclays cut their target price on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group decreased their target price on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a report on Thursday. 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 research note on Monday, November 25th. Truist Financial decreased their price target 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. Finally, StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday.

Community Health Systems Trading Down 0.7 %

Shares of CYH stock opened at $3.52 on Wednesday. Community Health Systems has a twelve month low of $2.51 and a twelve month high of $6.29. The company’s 50-day moving average price is $3.21 and its 200-day moving average price is $4.27. The stock has a market cap of $488.30 million, a price-to-earnings ratio of -0.90 and a beta of 1.63.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.51). The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.14 billion. As a group, equities research analysts predict that Community Health Systems will post -0.29 EPS for the current year.

Hedge Funds Weigh In On Community Health Systems

Large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in Community Health Systems by 157.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock valued at $12,459,000 after buying an additional 2,550,678 shares in the last quarter. Helix Partners Management LP purchased a new position in Community Health Systems in the 4th quarter valued at approximately $4,923,000. Columbus Hill Capital Management L.P. acquired a new position in Community Health Systems during the fourth quarter worth $3,887,000. Renaissance Technologies LLC boosted its position in Community Health Systems by 913.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company’s stock worth $4,247,000 after purchasing an additional 1,280,300 shares in the last quarter. Finally, DG Capital Management LLC grew its holdings in Community Health Systems by 54.8% in the fourth quarter. DG Capital Management LLC now owns 3,502,511 shares of the company’s stock valued at $10,473,000 after purchasing an additional 1,240,413 shares during the last quarter. Hedge funds and other 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.