Community Health Systems (NYSE:CYH – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.
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CYH has been the subject of a number of other research reports. Wells Fargo & Company boosted their price target on Community Health Systems from $3.00 to $4.50 and gave the company an “equal weight” rating in a report on Tuesday, January 3rd. Oppenheimer upped their target price on Community Health Systems from $5.00 to $5.50 and gave the stock an “outperform” rating in a report on Thursday, January 19th. Credit Suisse Group upped their target price on Community Health Systems from $3.30 to $8.50 in a report on Friday. Finally, Truist Financial upped their target price on Community Health Systems from $4.75 to $8.00 in a report on Friday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.14.
Community Health Systems Trading Up 2.6 %
Shares of NYSE CYH traded up $0.20 during trading hours on Friday, reaching $7.94. The stock had a trading volume of 4,972,544 shares, compared to its average volume of 3,139,410. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 24.06 and a beta of 1.78. The business’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $3.53. Community Health Systems has a 52-week low of $1.88 and a 52-week high of $12.51.
Community Health Systems (NYSE:CYH – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $1.09. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.16 billion. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 EPS. Equities research analysts anticipate that Community Health Systems will post -0.77 earnings per share for the current fiscal year.
Institutional Trading of Community Health Systems
Hedge funds and other institutional investors have recently made changes to their positions in the business. Royce & Associates LP lifted its holdings in shares of Community Health Systems by 0.6% during the 2nd quarter. Royce & Associates LP now owns 1,527,723 shares of the company’s stock valued at $5,729,000 after purchasing an additional 9,600 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Community Health Systems by 61.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 27,657 shares of the company’s stock valued at $103,000 after purchasing an additional 10,500 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Community Health Systems by 5.5% during the 2nd quarter. Swiss National Bank now owns 280,026 shares of the company’s stock valued at $1,050,000 after purchasing an additional 14,500 shares during the last quarter. Humankind Investments LLC lifted its holdings in shares of Community Health Systems by 115.6% during the 3rd quarter. Humankind Investments LLC now owns 98,022 shares of the company’s stock valued at $211,000 after purchasing an additional 52,565 shares during the last quarter. Finally, Vantage Consulting Group Inc acquired a new position in shares of Community Health Systems in the 2nd quarter valued at $42,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.
About Community Health Systems
Community Health Systems, Inc engages in the management and operations of hospitals. It operates general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. The company was founded in March 1985 and is headquartered in Franklin, TN.
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