Community Health Systems, Inc. (NYSE:CYH - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.12 and traded as high as $3.31. Community Health Systems shares last traded at $3.26, with a volume of 2,993,375 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on CYH shares. Barclays lowered their target price on shares of Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Weiss Ratings reissued a "sell (d-)" rating on shares of Community Health Systems in a research report on Wednesday, October 8th. Royal Bank Of Canada cut their price objective on shares of Community Health Systems from $6.00 to $5.00 and set an "outperform" rating for the company in a research report on Friday, July 25th. Jefferies Financial Group reissued a "hold" rating and set a $3.00 target price (down previously from $4.25) on shares of Community Health Systems in a research note on Thursday, July 24th. Finally, Truist Financial boosted 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. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Community Health Systems has a consensus rating of "Reduce" and a consensus price target of $3.66.
Check Out Our Latest Analysis on Community Health Systems
Community Health Systems Stock Performance
The firm has a market capitalization of $456.09 million, a P/E ratio of -2.18 and a beta of 1.88. The firm has a 50 day simple moving average of $2.97 and a two-hundred day simple moving average of $3.12.
Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of ($0.30) by $1.57. The firm had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3 billion. During the same period last year, the business posted ($0.30) EPS. The company's revenue was down .1% compared to the same quarter last year. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. Sell-side analysts anticipate that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.
Institutional Trading of Community Health Systems
A number of hedge funds have recently bought and sold shares of the company. Red Door Wealth Management LLC increased its stake in shares of Community Health Systems by 30.4% during the first quarter. Red Door Wealth Management LLC now owns 30,000 shares of the company's stock valued at $81,000 after buying an additional 7,000 shares during the period. Teacher Retirement System of Texas bought a new stake in Community Health Systems in the first quarter worth $1,021,000. Apollon Wealth Management LLC lifted its holdings in shares of Community Health Systems by 100.0% during the first quarter. Apollon Wealth Management LLC now owns 40,000 shares of the company's stock valued at $108,000 after purchasing an additional 20,000 shares in the last quarter. Readystate Asset Management LP bought a new position in shares of Community Health Systems during the first quarter valued at $732,000. Finally, Federated Hermes Inc. lifted its holdings in shares of Community Health Systems by 8.7% during the first quarter. Federated Hermes Inc. now owns 887,344 shares of the company's stock valued at $2,396,000 after purchasing an additional 71,357 shares in the last quarter. Institutional investors own 84.99% of the company's stock.
Community Health Systems Company Profile
(
Get Free Report)
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.
Further Reading
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