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

Shares of Community Health Systems, Inc. (NYSE:CYH - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.16 and traded as high as $3.53. Community Health Systems shares last traded at $3.52, with a volume of 1,659,016 shares trading hands.

Analyst Ratings Changes

CYH has been the topic of several research analyst reports. Wells Fargo & Company reissued an "underweight" rating and set a $3.50 price target (up from $2.00) on shares of Community Health Systems in a research note on Thursday, May 29th. Guggenheim began 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 lowered their price objective on shares of Community Health Systems from $4.00 to $3.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Finally, UBS Group set a $3.50 price target on shares of Community Health Systems in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Community Health Systems has an average rating of "Hold" and an average target price of $4.17.

Community Health Systems Stock Performance

The stock has a market capitalization of $493.89 million, a PE ratio of -0.96 and a beta of 2.06. The stock's 50-day moving average is $3.52 and its 200 day moving average is $3.16.

Community Health Systems (NYSE:CYH - Get Free Report) last released its earnings results 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 company had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. Community Health Systems's revenue for the quarter was up .6% compared to the same quarter last year. Analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock valued at $27,000 after acquiring an additional 6,445 shares in the last quarter. R Squared Ltd grew its holdings in shares of Community Health Systems by 71.6% during the 1st quarter. R Squared Ltd now owns 10,950 shares of the company's stock worth $30,000 after purchasing an additional 4,570 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of Community Health Systems during the 4th quarter worth $33,000. Cibc World Markets Corp bought a new position in Community Health Systems in the fourth quarter valued at about $35,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Community Health Systems during the first quarter worth about $36,000. Institutional investors and hedge funds 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.

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