Community Health Systems, Inc. (NYSE:CYH) Receives Average Rating of "Reduce" from Brokerages

Key Points

• Community Health Systems has an average “Reduce” rating from seven analysts, with three sell, three hold and one buy recommendation. The average 12-month price target is $2.95, below the stock’s recent $3.02 price.
• The company reported a quarterly loss of $0.19 per share, missing estimates by $0.09, while revenue fell 9.8% year over year to $2.83 billion.
• Institutional investors own approximately 84.99% of CYH, with BlackRock and Bank of America among investors that recently initiated positions.

Shares of Community Health Systems, Inc. (NYSE:CYH - Get Free Report) have received an average rating of "Reduce" from the seven research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $2.95.

A number of equities analysts recently weighed in on CYH shares. Royal Bank Of Canada decreased their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an "outperform" rating for the company in a report on Monday, July 27th. Truist Financial cut their target price on Community Health Systems from $3.75 to $3.25 and set a "hold" rating on the stock in a research note on Monday, July 27th. Barclays decreased their price target on Community Health Systems from $3.00 to $2.50 and set an "underweight" rating for the company in a research note on Thursday, July 23rd. UBS Group lowered their price target on Community Health Systems from $3.20 to $3.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Finally, Weiss Ratings raised Community Health Systems from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, July 2nd.

Community Health Systems Price Performance

Shares of Community Health Systems stock opened at $3.02 on Friday. Community Health Systems has a 1 year low of $2.40 and a 1 year high of $4.43. The firm's 50-day moving average is $3.14 and its 200 day moving average is $3.09. The stock has a market cap of $425.85 million, a price-to-earnings ratio of 1.63 and a beta of 1.84.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.09). Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%.The firm had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.89 billion. During the same period last year, the firm posted ($0.05) earnings per share. The firm's quarterly revenue was down 9.8% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -1.250--1.100 EPS. On average, equities analysts expect that Community Health Systems will post -0.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

A number of large investors have recently added to or reduced their stakes in CYH. BlackRock Inc. purchased a new stake in Community Health Systems during the 2nd quarter valued at $36,508,000. Bank of America Corp DE purchased a new position in shares of Community Health Systems in the 2nd quarter worth $5,904,000. Marshall Wace LLP grew its holdings in shares of Community Health Systems by 276.3% in the fourth quarter. Marshall Wace LLP now owns 1,523,837 shares of the company's stock worth $4,754,000 after acquiring an additional 1,118,864 shares during the period. Owl Creek Asset Management L.P. increased its position in Community Health Systems by 65.4% during the first quarter. Owl Creek Asset Management L.P. now owns 2,530,622 shares of the company's stock valued at $7,440,000 after acquiring an additional 1,000,862 shares during the last quarter. Finally, Carronade Capital Management LP lifted its holdings in Community Health Systems by 306.7% in the first quarter. Carronade Capital Management LP now owns 1,321,923 shares of the company's stock valued at $3,886,000 after acquiring an additional 996,923 shares during the period. Institutional investors own 84.99% of the company's stock.

Community Health Systems Company Profile

Community Health Systems, Inc NYSE: CYH is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company's core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.

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