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

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) has been assigned an average rating of "Hold" from the eight ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $4.17.

A number of equities analysts have recently issued reports on CYH shares. Wells Fargo & Company reissued an "underweight" rating and set a $3.50 target price (up from $2.00) on shares of Community Health Systems in a research note on Thursday, May 29th. Guggenheim assumed coverage on Community Health Systems in a report on Wednesday, April 9th. They issued a "neutral" rating for the company. UBS Group set a $3.50 price target on shares of Community Health Systems in a research note on Friday, April 25th. Finally, Truist Financial cut their price target on shares of Community Health Systems from $4.00 to $3.00 and set a "hold" rating for the company in a report on Friday, April 11th.

Institutional Trading of Community Health Systems

Several large investors have recently modified their holdings of the business. Nomura Holdings Inc. grew its holdings in shares of Community Health Systems by 14,684.8% during the first quarter. Nomura Holdings Inc. now owns 5,776,701 shares of the company's stock worth $15,597,000 after buying an additional 5,737,629 shares in the last quarter. Helix Partners Management LP acquired a new position in shares of Community Health Systems in the fourth quarter worth about $4,923,000. Columbus Hill Capital Management L.P. bought a new position in Community Health Systems during the 4th quarter valued at $3,887,000. Renaissance Technologies LLC grew its stake in Community Health Systems by 913.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company's stock worth $4,247,000 after purchasing an additional 1,280,300 shares in the last quarter. Finally, DG Capital Management LLC raised its stake in Community Health Systems by 54.8% during the fourth quarter. DG Capital Management LLC now owns 3,502,511 shares of the company's stock valued at $10,473,000 after buying an additional 1,240,413 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Stock Performance

Shares of CYH stock traded down $0.09 during mid-day trading on Tuesday, hitting $3.40. 2,642,186 shares of the stock were exchanged, compared to its average volume of 2,756,862. Community Health Systems has a 12-month low of $2.24 and a 12-month high of $6.29. The stock has a market capitalization of $476.35 million, a price-to-earnings ratio of -0.92 and a beta of 2.12. The stock's fifty day simple moving average is $3.39 and its two-hundred day simple moving average is $3.16.

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