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

Shares of Community Health Systems, Inc. (NYSE:CYH - Get Free Report) have received a consensus recommendation of "Hold" from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $4.17.

CYH has been the topic of a number of research analyst reports. Guggenheim initiated coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Truist Financial cut their target price on shares of 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. UBS Group set a $3.50 target price on shares of Community Health Systems in a research report on Friday, April 25th. Finally, 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.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently bought and sold shares of CYH. Nomura Holdings Inc. raised its position in shares of 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 worth $15,597,000 after acquiring an additional 5,737,629 shares in the last quarter. Helix Partners Management LP bought a new position in shares of Community Health Systems in the 4th quarter worth about $4,923,000. Columbus Hill Capital Management L.P. bought a new position in shares of Community Health Systems in the 4th quarter worth about $3,887,000. Renaissance Technologies LLC raised its position in shares of Community Health Systems by 913.9% in 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 position in shares of Community Health Systems by 54.8% in 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. Institutional investors and hedge funds own 84.99% of the company's stock.

Community Health Systems Price Performance

Shares of NYSE:CYH opened at $3.38 on Tuesday. The company's 50 day simple moving average is $3.33 and its 200 day simple moving average is $3.16. The stock has a market capitalization of $473.69 million, a price-to-earnings ratio of -0.92 and a beta of 2.12. Community Health Systems has a 1 year low of $2.24 and a 1 year high of $6.29.

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, 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 period last year, the business earned ($0.14) earnings per share. The business's revenue was up .6% compared to the same quarter last year. As a group, analysts anticipate that Community Health Systems will post -0.29 EPS 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.

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