Community Health Systems (NYSE:CYH) Upgraded by StockNews.com to Hold Rating

Community Health Systems (NYSE:CYH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

CYH has been the topic of a number of other research reports. Wells Fargo & Company lowered Community Health Systems from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $5.00 to $2.50 in a research report on Monday, November 25th. Barclays cut their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday. Truist Financial decreased their target price on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a research report on Monday, January 6th. UBS Group cut their price target on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Raymond James cut Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.18.

Community Health Systems Price Performance

Shares of Community Health Systems stock traded down $0.07 during trading hours on Thursday, hitting $3.55. The company’s stock had a trading volume of 4,981,776 shares, compared to its average volume of 2,404,278. Community Health Systems has a 12 month low of $2.51 and a 12 month high of $6.29. The company has a market capitalization of $492.57 million, a PE ratio of -0.91 and a beta of 1.63. The stock has a 50 day moving average of $3.21 and a 200 day moving average of $4.28.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results 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 firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.14 billion. Equities analysts expect that Community Health Systems will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Community Health Systems

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after acquiring an additional 6,445 shares during the period. Signaturefd LLC bought a new position in shares of Community Health Systems during the third quarter worth approximately $33,000. Two Sigma Securities LLC acquired a new stake in Community Health Systems during the 4th quarter worth approximately $33,000. Cibc World Markets Corp bought a new stake in Community Health Systems in the 4th quarter valued at $35,000. Finally, Virtu Financial LLC acquired a new position in Community Health Systems in the 4th quarter valued at $38,000. 84.99% of the stock is 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.