Community Health Systems (NYSE:CYH) Given "Hold" Rating at Jefferies Financial Group

Community Health Systems (NYSE:CYH - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Jefferies Financial Group in a note issued to investors on Thursday, MarketBeat.com reports. They currently have a $3.00 target price on the stock, down from their prior target price of $4.25. Jefferies Financial Group's price objective points to a potential upside of 12.15% from the stock's previous close.

A number of other research firms have also commented on CYH. Truist Financial increased their price target on Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Guggenheim started coverage on Community Health Systems in a research report on Wednesday, April 9th. They issued a "neutral" rating for the company. UBS Group set a $3.50 target price on Community Health Systems in a research report on Friday, April 25th. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and set a $3.50 target price (up from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $3.74.

Community Health Systems Trading Down 3.4%

NYSE CYH traded down $0.10 during trading on Thursday, hitting $2.68. 1,939,079 shares of the company's stock were exchanged, compared to its average volume of 2,879,860. The company has a market cap of $375.32 million, a PE ratio of -1.80 and a beta of 2.06. Community Health Systems has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The stock's 50 day moving average price is $3.55 and its two-hundred day moving average price is $3.21.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.10). The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.02 billion. Community Health Systems's revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) EPS. Analysts forecast that Community Health Systems will post -0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Community Health Systems by 250.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock worth $27,000 after purchasing an additional 6,445 shares in the last quarter. R Squared Ltd lifted its position in Community Health Systems by 71.6% in the 1st quarter. R Squared Ltd now owns 10,950 shares of the company's stock worth $30,000 after buying an additional 4,570 shares during the last quarter. CWM LLC lifted its position in Community Health Systems by 133.1% in the 2nd quarter. CWM LLC now owns 10,974 shares of the company's stock worth $37,000 after buying an additional 6,266 shares during the last quarter. Two Sigma Securities LLC bought a new stake in Community Health Systems in the 4th quarter worth approximately $33,000. Finally, Cibc World Markets Corp bought a new stake in Community Health Systems in the 4th quarter worth approximately $35,000. Institutional investors own 84.99% of the company's stock.

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.