Community Health Systems, Inc. (NYSE:CYH - Get Free Report)'s stock price rose 7.9% during trading on Thursday . The stock traded as high as $3.65 and last traded at $3.64. Approximately 264,639 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 2,379,113 shares. The stock had previously closed at $3.37.
Analyst Upgrades and Downgrades
CYH has been the topic of several research analyst reports. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $3.50 price target (up previously from $2.00) on shares of Community Health Systems in a report on Thursday, May 29th. Guggenheim began coverage on Community Health Systems in a research report on Wednesday, April 9th. They set a "neutral" rating for the company. UBS Group set a $3.50 price target on Community Health Systems in a report on Friday, April 25th. Finally, Truist Financial cut their price objective on Community Health Systems from $4.00 to $3.00 and set a "hold" rating for the company in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $4.17.
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Community Health Systems Price Performance
The stock has a 50 day moving average of $3.39 and a 200 day moving average of $3.16. The firm has a market cap of $474.95 million, a P/E ratio of -0.92 and a beta of 2.12.
Community Health Systems (NYSE:CYH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.07. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.10 billion. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) EPS. On average, research analysts predict 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 large investors have recently added to or reduced their stakes in CYH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 buying an additional 3,124 shares during the period. R Squared Ltd grew its holdings in Community Health Systems by 71.6% in the 1st 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 last quarter. Rhumbline Advisers increased its position in shares of Community Health Systems by 2.4% in the fourth quarter. Rhumbline Advisers now owns 201,436 shares of the company's stock valued at $602,000 after acquiring an additional 4,654 shares during the period. State of Wyoming raised its stake in shares of Community Health Systems by 8.9% during the fourth quarter. State of Wyoming now owns 75,698 shares of the company's stock valued at $226,000 after acquiring an additional 6,207 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of 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 purchasing an additional 6,445 shares during the period. Hedge funds and other 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.
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