Community Health Systems, Inc. (NYSE:CYH) Given Consensus Rating of "Hold" by Brokerages

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) has been given a consensus recommendation of "Hold" by the eight ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $4.38.

CYH has been the subject of a number of research analyst reports. Wells Fargo & Company reiterated an "underweight" rating and set a $3.50 price target (up previously from $2.00) on shares of Community Health Systems in a report on Thursday, May 29th. UBS Group set a $3.50 price objective on Community Health Systems in a report on Friday, April 25th. Truist Financial boosted their price objective on Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a report on Wednesday, July 16th. Finally, Guggenheim started coverage on Community Health Systems in a report on Wednesday, April 9th. They set a "neutral" rating for the company.

Community Health Systems Price Performance

Shares of CYH traded up $0.10 during mid-day trading on Friday, reaching $3.85. The company had a trading volume of 5,363,290 shares, compared to its average volume of 2,427,082. The company has a market capitalization of $539.49 million, a P/E ratio of -1.04 and a beta of 2.06. Community Health Systems has a twelve month low of $2.24 and a twelve month high of $6.29. The company's 50-day moving average is $3.62 and its 200-day moving average is $3.19.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.07. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the business posted ($0.14) earnings per share. The firm's quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts expect that Community Health Systems will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. boosted its position in Community Health Systems by 14,684.8% in the 1st quarter. Nomura Holdings Inc. now owns 5,776,701 shares of the company's stock valued at $15,597,000 after buying an additional 5,737,629 shares during the period. Helix Partners Management LP bought a new position in shares of Community Health Systems during the 4th quarter worth approximately $4,923,000. Columbus Hill Capital Management L.P. bought a new position in shares of Community Health Systems during the 4th quarter worth approximately $3,887,000. Renaissance Technologies LLC raised its stake in shares of Community Health Systems by 913.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company's stock worth $4,247,000 after acquiring an additional 1,280,300 shares in the last quarter. Finally, DG Capital Management LLC raised its stake in shares of Community Health Systems by 54.8% during the 4th quarter. DG Capital Management LLC now owns 3,502,511 shares of the company's stock worth $10,473,000 after acquiring an additional 1,240,413 shares in the last quarter. 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.