Community Health Systems, Inc. (NYSE:CYH) Receives $4.17 Average PT from Brokerages

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) has received an average recommendation of "Hold" from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $4.17.

Several equities research analysts recently weighed in on CYH shares. UBS Group set a $3.50 price objective on shares of Community Health Systems in a research note on Friday, April 25th. Wall Street Zen upgraded Community Health Systems from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Wells Fargo & Company reissued an "underweight" rating and issued a $3.50 price target (up previously from $2.00) on shares of Community Health Systems in a report on Thursday. Truist Financial dropped their target price on Community Health Systems from $4.00 to $3.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Finally, Guggenheim initiated coverage on shares of Community Health Systems in a report on Wednesday, April 9th. They set a "neutral" rating for the company.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Barclays PLC grew its position in Community Health Systems by 1,278.2% in the 3rd quarter. Barclays PLC now owns 707,805 shares of the company's stock valued at $4,296,000 after buying an additional 656,447 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Community Health Systems by 166.7% during the fourth quarter. SG Americas Securities LLC now owns 59,529 shares of the company's stock valued at $178,000 after acquiring an additional 37,211 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Community Health Systems by 93.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 49,580 shares of the company's stock worth $148,000 after purchasing an additional 23,902 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in Community Health Systems in the fourth quarter worth approximately $60,000. Finally, Rhumbline Advisers increased its position in shares of Community Health Systems by 2.4% during the 4th quarter. Rhumbline Advisers now owns 201,436 shares of the company's stock valued at $602,000 after purchasing an additional 4,654 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Trading Down 1.2%

NYSE CYH traded down $0.05 on Friday, hitting $3.84. 629,557 shares of the stock traded hands, compared to its average volume of 2,787,988. The stock has a 50-day moving average of $3.05 and a 200 day moving average of $3.17. Community Health Systems has a twelve month low of $2.24 and a twelve month high of $6.29. The company has a market capitalization of $538.07 million, a P/E ratio of -0.98 and a beta of 1.99.

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

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.