Community Health Systems Target of Unusually High Options Trading (NYSE:CYH)

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders purchased 8,525 put options on the company. This is an increase of 210% compared to the average volume of 2,751 put options.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CYH shares. Oppenheimer reduced their price target on Community Health Systems from $5.50 to $4.50 and set an "outperform" rating on the stock in a research report on Thursday. StockNews.com upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Truist Financial upped their target price on shares of Community Health Systems from $3.25 to $3.75 and gave the company a "hold" rating in a report on Friday. Finally, Barclays initiated coverage on Community Health Systems in a report on Wednesday, March 6th. They issued an "equal weight" rating and a $3.00 price target for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $4.05.

Hedge Funds Weigh In On Community Health Systems

Large investors have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in Community Health Systems during the 3rd quarter worth about $30,000. Red Door Wealth Management LLC acquired a new stake in shares of Community Health Systems in the 4th quarter valued at about $36,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Community Health Systems in the third quarter valued at approximately $38,000. Eagle Asset Management Inc. bought a new position in Community Health Systems in the fourth quarter valued at approximately $40,000. Finally, Convergence Investment Partners LLC bought a new stake in Community Health Systems during the third quarter worth $44,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Community Health Systems Trading Down 2.7 %

Shares of Community Health Systems stock traded down $0.09 on Monday, reaching $3.30. 1,816,721 shares of the company were exchanged, compared to its average volume of 2,092,448. Community Health Systems has a fifty-two week low of $2.01 and a fifty-two week high of $6.53. The firm has a market capitalization of $458.64 million, a price-to-earnings ratio of -3.47 and a beta of 1.52. The stock has a fifty day moving average price of $3.05 and a 200-day moving average price of $3.07.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its earnings results on Wednesday, April 24th. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.05. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. Community Health Systems had a negative return on equity of 5.51% and a negative net margin of 0.99%. The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS. On average, equities analysts anticipate that Community Health Systems will post -0.4 earnings per share for the current fiscal year.

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.