Community Health Systems (NYSE:CYH) Stock Price Down 8.3% - What's Next?

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) shares were down 8.3% on Monday . The stock traded as low as $3.30 and last traded at $3.59. Approximately 2,040,428 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 2,342,061 shares. The stock had previously closed at $3.91.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CYH shares. Wall Street Zen upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Wells Fargo & Company restated an "underweight" rating and issued a $3.50 price target (up previously from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. Guggenheim started coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Barclays reduced their price target on shares of Community Health Systems from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 20th. Finally, UBS Group set a $3.50 price objective on shares of Community Health Systems in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $4.17.

Community Health Systems Price Performance

The firm has a market cap of $455.29 million, a P/E ratio of -0.83 and a beta of 2.12. The stock's 50-day simple moving average is $3.19 and its two-hundred day simple moving average is $3.17.

Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates 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. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.14) earnings per share. As a group, sell-side analysts expect that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CYH. Tower Research Capital LLC TRC grew its holdings in shares of Community Health Systems by 250.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock worth $27,000 after purchasing an additional 6,445 shares during the last quarter. R Squared Ltd lifted its stake in Community Health Systems by 71.6% in the first quarter. R Squared Ltd now owns 10,950 shares of the company's stock worth $30,000 after acquiring an additional 4,570 shares during the period. Two Sigma Securities LLC purchased a new stake in Community Health Systems in the fourth quarter worth about $33,000. Cibc World Markets Corp purchased a new stake in Community Health Systems in the fourth quarter worth about $35,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in Community Health Systems in the first quarter worth about $36,000. 84.99% of the stock is currently owned by institutional investors.

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.