Community Health Systems (NYSE:CYH) Price Target Lowered to $4.10 at UBS Group

Community Health Systems (NYSE:CYH) had its price objective decreased by UBS Group from $4.80 to $4.10 in a report released on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research analysts also recently commented on the company. Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Wells Fargo & Company lowered shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $5.00 to $2.50 in a research report on Monday, November 25th. Barclays reduced their price target on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday. StockNews.com downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Finally, Truist Financial reduced their target price on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.18.

Community Health Systems Stock Down 0.7 %

Shares of CYH stock opened at $3.52 on Thursday. The business’s 50 day moving average is $3.21 and its two-hundred day moving average is $4.27. Community Health Systems has a 12 month low of $2.51 and a 12 month high of $6.29. The company has a market cap of $488.30 million, a PE ratio of -0.90 and a beta of 1.63.

Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, February 18th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.14 billion. As a group, equities analysts expect that Community Health Systems will post -0.29 EPS for the current fiscal year.

Institutional Trading of Community Health Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Community Health Systems by 6.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,176 shares of the company’s stock valued at $921,000 after purchasing an additional 18,612 shares in the last quarter. State of Wyoming boosted its stake in 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 buying an additional 6,207 shares in the last quarter. ProShare Advisors LLC grew its position in Community Health Systems by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 35,353 shares of the company’s stock valued at $106,000 after acquiring an additional 11,632 shares during the period. Nomura Holdings Inc. acquired a new position in Community Health Systems during the fourth quarter worth $117,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Community Health Systems by 4.6% during the fourth 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. Institutional investors own 84.99% of the company’s stock.

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.