Shares of Community Health Systems, Inc. (NYSE:CYH - Get Free Report) were up 7.9% during trading on Thursday . The stock traded as high as $3.65 and last traded at $3.64. Approximately 264,639 shares changed hands during trading, a decline of 89% from the average daily volume of 2,379,113 shares. The stock had previously closed at $3.37.
Wall Street Analysts Forecast Growth
CYH has been the topic of a number of research analyst reports. UBS Group set a $3.50 target price on Community Health Systems in a research report on Friday, April 25th. Wells Fargo & Company reissued 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. Guggenheim initiated coverage on Community Health Systems in a research report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Finally, Truist Financial cut their target price on Community Health Systems from $4.00 to $3.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $4.17.
Check Out Our Latest Stock Report on CYH
Community Health Systems Price Performance
The company's 50 day simple moving average is $3.41 and its 200 day simple moving average is $3.15.
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 the consensus estimate of ($0.10) by $0.07. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. The business's revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) EPS. Sell-side analysts forecast that Community Health Systems, Inc. will post -0.29 EPS for the current year.
Hedge Funds Weigh In On Community Health Systems
Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake 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 in the last quarter. R Squared Ltd lifted its position in Community Health Systems by 71.6% in the first quarter. R Squared Ltd now owns 10,950 shares of the company's stock valued at $30,000 after acquiring an additional 4,570 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Community Health Systems in the fourth quarter valued at $33,000. Cibc World Markets Corp purchased a new stake in Community Health Systems in the fourth quarter valued at $35,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in Community Health Systems in the first quarter valued at $36,000. Institutional investors and hedge funds own 84.99% of the company's stock.
About Community Health Systems
(
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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