Community Health Systems (NYSE:CYH) Shares Pass Above 200-Day Moving Average - Time to Sell?

Community Health Systems, Inc. (NYSE:CYH - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

CYH has been the subject of a number of research reports. Guggenheim initiated coverage on Community Health Systems in a research note on Wednesday, April 9th. They issued a "neutral" rating for the company. UBS Group set a $3.50 target price on Community Health Systems in a research report on Friday, April 25th. Truist Financial reduced their price target on shares of Community Health Systems from $4.00 to $3.00 and set a "hold" rating for the company in a report on Friday, April 11th. Finally, Wells Fargo & Company restated an "underweight" rating and issued a $3.50 target price (up previously from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $4.17.

Community Health Systems Price Performance

The firm has a market cap of $471.44 million, a price-to-earnings ratio of -0.91 and a beta of 2.12. The firm's fifty day moving average is $3.37 and its two-hundred day moving average is $3.16.

Community Health Systems (NYSE:CYH - Get Free Report) last posted 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 company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the business earned ($0.14) earnings per share. The company's revenue was up .6% on a year-over-year basis. On average, equities analysts forecast that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of Community Health Systems

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