Community Health Systems (NYSE:CYH) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Community Health Systems' stock (NYSE:CYH) has recently crossed above its 200-day moving average, currently trading at $3.12 with a volume of over 1.7 million shares.
• Analysts have mixed views on the stock, with target price adjustments ranging from $3.00 to $4.25, leading to an average rating of "Reduce" and an average price target of $3.66.
• The company reported a loss in earnings per share of ($0.05) for the last quarter, missing estimates, while also achieving revenue slightly above expectations at $3.13 billion.

Shares of Community Health Systems, Inc. (NYSE:CYH - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.09 and traded as high as $3.17. Community Health Systems shares last traded at $3.12, with a volume of 1,770,542 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CYH shares. Truist Financial lifted their target price on Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada decreased their target price on Community Health Systems from $6.00 to $5.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. Weiss Ratings restated a "sell (d-)" rating on shares of Community Health Systems in a research note on Wednesday. Jefferies Financial Group restated a "hold" rating and set a $3.00 price target (down previously from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. Finally, UBS Group cut their price target on shares of Community Health Systems from $3.50 to $3.20 and set a "neutral" rating for the company in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $3.66.

Community Health Systems Price Performance

The business's 50 day moving average price is $2.86 and its 200-day moving average price is $3.09. The company has a market cap of $437.17 million, a P/E ratio of -2.09 and a beta of 1.88.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.10). The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the business earned ($0.17) EPS. The company's revenue was down .2% compared to the same quarter last year. Community Health Systems has set its FY 2025 guidance at -0.400--0.100 EPS. As a group, research analysts forecast that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CYH. Harbor Capital Advisors Inc. bought a new position in Community Health Systems in the 1st quarter worth approximately $36,000. Red Door Wealth Management LLC raised its position in Community Health Systems by 30.4% in the 1st quarter. Red Door Wealth Management LLC now owns 30,000 shares of the company's stock worth $81,000 after purchasing an additional 7,000 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Community Health Systems in the 1st quarter worth approximately $1,021,000. Apollon Wealth Management LLC raised its position in Community Health Systems by 100.0% in the 1st quarter. Apollon Wealth Management LLC now owns 40,000 shares of the company's stock worth $108,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Readystate Asset Management LP bought a new position in Community Health Systems in the 1st quarter worth approximately $732,000. Institutional investors own 84.99% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.