StockNews.com Upgrades Community Health Systems (NYSE:CYH) to Hold

StockNews.com upgraded shares of Community Health Systems (NYSE:CYH) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

Several other equities research analysts also recently issued reports on the company. Truist Financial dropped their price objective on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, January 6th. Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Wells Fargo & Company downgraded Community Health Systems from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $5.00 to $2.50 in a report on Monday, November 25th. UBS Group dropped their price objective on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a report on Thursday. Finally, Barclays lowered their price target on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday. Two 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. According to MarketBeat, Community Health Systems has an average rating of “Hold” and an average target price of $4.18.

Community Health Systems Stock Performance

Shares of NYSE:CYH opened at $3.52 on Thursday. The company has a market cap of $488.30 million, a P/E ratio of -0.90 and a beta of 1.63. Community Health Systems has a one year low of $2.51 and a one year high of $6.29. The business’s 50-day simple moving average is $3.21 and its 200 day simple moving average is $4.27.

Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.51). The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.14 billion. Analysts predict that Community Health Systems will post -0.29 earnings per share for the current year.

Institutional Investors Weigh In On Community Health Systems

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC acquired a new position in Community Health Systems during the 3rd quarter valued at approximately $33,000. Tower Research Capital LLC TRC boosted its position in Community Health Systems by 250.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after purchasing an additional 6,445 shares during the period. Two Sigma Securities LLC acquired a new position in Community Health Systems during the 4th quarter valued at approximately $33,000. Cibc World Markets Corp acquired a new position in Community Health Systems during the 4th quarter valued at approximately $35,000. Finally, CWM LLC boosted its position in Community Health Systems by 32.1% during the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after purchasing an additional 2,961 shares during the period. 84.99% of the stock is currently owned by 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.