Barclays Has Lowered Expectations for Community Health Systems (NYSE:CYH) Stock Price

Community Health Systems (NYSE:CYH - Free Report) had its target price trimmed by Barclays from $4.00 to $3.50 in a report issued on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

CYH has been the topic of several other reports. Wells Fargo & Company reiterated an "underweight" rating and issued a $3.50 target price (up from $2.00) on shares of Community Health Systems in a research note on Thursday, May 29th. Truist Financial boosted their price target on shares of Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $3.00 price target (down from $4.25) on shares of Community Health Systems in a research note on Thursday. UBS Group set a $3.50 target price on Community Health Systems in a research note on Friday, April 25th. Finally, Guggenheim began coverage on shares of Community Health Systems in a report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $3.92.

Community Health Systems Stock Performance

Shares of CYH stock traded down $0.14 during mid-day trading on Thursday, hitting $2.77. The company's stock had a trading volume of 7,086,531 shares, compared to its average volume of 3,258,186. The company has a market cap of $387.96 million, a PE ratio of -1.86 and a beta of 2.06. Community Health Systems has a 52 week low of $2.24 and a 52 week high of $6.29. The company's fifty day simple moving average is $3.55 and its 200-day simple moving average is $3.20.

Community Health Systems (NYSE:CYH - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.10). The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the business earned ($0.17) EPS. The business's revenue was down .2% on a year-over-year basis. On average, equities analysts anticipate that Community Health Systems will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. CWM LLC raised its position in Community Health Systems by 133.1% during the 2nd quarter. CWM LLC now owns 10,974 shares of the company's stock worth $37,000 after buying an additional 6,266 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Community Health Systems during the 2nd quarter worth about $41,000. Strs Ohio acquired a new stake in shares of Community Health Systems in the first quarter worth approximately $289,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Community Health Systems by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company's stock valued at $202,000 after purchasing an additional 3,204 shares in the last quarter. Finally, Apollo Management Holdings L.P. grew its position in Community Health Systems by 14.0% in the first quarter. Apollo Management Holdings L.P. now owns 7,628,576 shares of the company's stock worth $20,597,000 after acquiring an additional 938,835 shares during the period. 84.99% of the stock is currently owned by hedge funds and other 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.