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

Community Health Systems, Inc. (NYSE:CYH - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.16 and traded as high as $3.40. Community Health Systems shares last traded at $3.38, with a volume of 2,144,161 shares traded.

Analysts Set New Price Targets

CYH has been the subject of several recent analyst reports. Truist Financial dropped their target price on Community Health Systems from $4.00 to $3.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $3.50 price objective (up previously from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. Guggenheim assumed coverage on shares of Community Health Systems in a research note on Wednesday, April 9th. They set a "neutral" rating for the company. Finally, UBS Group set a $3.50 price target on shares of Community Health Systems in a research note on Friday, April 25th. Two research 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 MarketBeat.com, Community Health Systems currently has a consensus rating of "Hold" and a consensus price target of $4.17.

Community Health Systems Stock Down 2.4%

The company has a market capitalization of $476.35 million, a PE ratio of -0.92 and a beta of 2.12. The stock's 50 day moving average is $3.39 and its two-hundred day moving average is $3.16.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.07. The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.10 billion. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) earnings per share. On average, sell-side analysts predict that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio acquired a new stake in Community Health Systems in the first quarter valued at approximately $289,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Community Health Systems by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company's stock worth $202,000 after purchasing an additional 3,204 shares in the last quarter. Apollo Management Holdings L.P. increased its position in Community Health Systems by 14.0% during the 1st quarter. Apollo Management Holdings L.P. now owns 7,628,576 shares of the company's stock valued at $20,597,000 after buying an additional 938,835 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Community Health Systems in the first quarter valued at about $695,000. Finally, Nomura Holdings Inc. boosted its holdings in Community Health Systems by 14,684.8% in the first quarter. Nomura Holdings Inc. now owns 5,776,701 shares of the company's stock worth $15,597,000 after acquiring an additional 5,737,629 shares in the last quarter. Hedge funds and other 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.