UBS Group Lowers Community Health Systems (NYSE:CYH) Price Target to $3.20

Key Points

• UBS Group lowered the price target for Community Health Systems (NYSE:CYH) from $3.50 to $3.20, maintaining a "neutral" rating.
• The stock is currently trading at $2.79, representing a potential upside of 14.90% from UBS's revised target.
• Institutional investors hold approximately 84.99% of Community Health Systems' stock, with recent activity including new positions from Kapitalo Investimentos and Strs Ohio.
• The company reported a quarterly loss of ($0.05) earnings per share, missing forecasts, while its revenue was $3.13 billion, surpassing expectations.

Community Health Systems (NYSE:CYH - Get Free Report) had its price objective cut by equities research analysts at UBS Group from $3.50 to $3.20 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective suggests a potential upside of 15.73% from the company's current price.

Several other brokerages have also recently issued reports on CYH. Truist Financial upped their price objective on shares of Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Jefferies Financial Group reaffirmed a "hold" rating and set a $3.00 target price (down from $4.25) on shares of Community Health Systems in a research note on Thursday. Royal Bank Of Canada reduced their target price on shares of Community Health Systems from $6.00 to $5.00 and set an "outperform" rating on the stock in a research note on Friday. Guggenheim started coverage on shares of Community Health Systems in a research note on Wednesday, April 9th. They set a "neutral" rating on the stock. Finally, Barclays reduced their target price on shares of Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.74.

Community Health Systems Price Performance

NYSE CYH traded down $0.14 during trading hours on Friday, hitting $2.77. 7,086,531 shares of the company's stock traded hands, compared to its average volume of 3,258,186. Community Health Systems has a 52-week low of $2.24 and a 52-week high of $6.29. The company has a market capitalization of $387.96 million, a PE ratio of -1.86 and a beta of 2.06. The firm's 50-day moving average is $3.55 and its 200-day moving average is $3.21.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.10). The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the company posted ($0.17) earnings per share. The company's quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts predict that Community Health Systems will post -0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Community Health Systems by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,783 shares of the company's stock valued at $215,000 after acquiring an additional 3,124 shares during the period. R Squared Ltd raised its stake in shares of Community Health Systems by 71.6% in the 1st 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 period. State of Wyoming raised its stake in shares of Community Health Systems by 8.9% in the 4th 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 period. CWM LLC raised its stake in shares of Community Health Systems by 133.1% in the 2nd quarter. CWM LLC now owns 10,974 shares of the company's stock valued at $37,000 after acquiring an additional 6,266 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company's stock valued at $27,000 after acquiring an additional 6,445 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Company Profile

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.