Community Health Systems (NYSE:CYH) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Shares of Community Health Systems (NYSE:CYH) crossed above its 200-day moving average of $3.05, with a recent trading high of $3.13.
• Analysts have mixed views on the stock, with price targets ranging from $3.20 to $4.25, resulting in an average rating classified as "Reduce."
• Despite a revenue of $3.13 billion exceeding estimates, the company reported a loss of ($0.05) EPS, missing expectations, while projecting a fiscal year 2025 guidance at -0.40 to -0.10 EPS.

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.05 and traded as high as $3.13. Community Health Systems shares last traded at $2.95, with a volume of 2,276,352 shares traded.

Analyst Ratings Changes

CYH has been the subject of several research reports. UBS Group cut their target price on 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. Jefferies Financial Group reaffirmed a "hold" rating and issued a $3.00 target price (down previously from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. Truist Financial upped their target price on Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada cut their target price on Community Health Systems from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. Finally, Wells Fargo & Company cut their target price on Community Health Systems from $3.50 to $2.50 and set an "underweight" rating for the company in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $3.58.

Community Health Systems Trading Down 1.3%

The stock's fifty day moving average is $2.90 and its 200 day moving average is $3.05. The company has a market capitalization of $425.96 million, a P/E ratio of -2.04 and a beta of 1.90.

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 analysts' consensus estimates of $0.05 by ($0.10). The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.02 billion. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.17) EPS. Community Health Systems has set its FY 2025 guidance at -0.400--0.100 EPS. On average, analysts expect that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in CYH. Cetera Investment Advisers raised its holdings in shares of Community Health Systems by 45.9% during the fourth quarter. Cetera Investment Advisers now owns 50,408 shares of the company's stock valued at $151,000 after acquiring an additional 15,863 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Community Health Systems by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,783 shares of the company's stock worth $215,000 after purchasing an additional 3,124 shares in the last quarter. Nomura Holdings Inc. bought a new position in Community Health Systems in the fourth quarter worth $117,000. ProShare Advisors LLC raised its holdings in Community Health Systems by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 35,353 shares of the company's stock worth $106,000 after purchasing an additional 11,632 shares in the last quarter. Finally, State of Wyoming raised its holdings in Community Health Systems by 8.9% in the fourth quarter. State of Wyoming now owns 75,698 shares of the company's stock worth $226,000 after purchasing an additional 6,207 shares in the last quarter. 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.