Community Health Systems (NYSE:CYH) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Community Health Systems, Inc. (NYSE:CYH) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.11 and traded as high as $3.22. Community Health Systems shares last traded at $3.1950, with a volume of 780,509 shares trading hands.

Wall Street Analysts Forecast Growth

CYH has been the topic of several recent analyst reports. Zacks Research downgraded shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Truist Financial cut their price target on shares of Community Health Systems from $3.50 to $3.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Weiss Ratings cut shares of Community Health Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, April 24th. Barclays dropped their price objective on shares of Community Health Systems from $3.50 to $3.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Finally, Wall Street Zen downgraded Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Community Health Systems currently has an average rating of “Reduce” and an average target price of $3.28.

Community Health Systems Stock Performance

The company’s 50-day moving average is $2.90 and its 200-day moving average is $3.11. The firm has a market cap of $461.51 million, a price-to-earnings ratio of 0.95 and a beta of 1.86.

Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, April 21st. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30). Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the firm posted ($0.03) earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. On average, analysts predict that Community Health Systems, Inc. will post -0.58 EPS for the current year.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in Community Health Systems by 601.9% in the fourth quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock valued at $29,000 after acquiring an additional 7,963 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Community Health Systems in the 4th quarter worth $34,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Community Health Systems during the fourth quarter worth $35,000. Valeo Financial Advisors LLC acquired a new position in shares of Community Health Systems during the 4th quarter worth about $39,000. Finally, Quarry LP bought a new stake in Community Health Systems in the third quarter valued at approximately $39,000. 84.99% of the stock is owned by institutional investors.

About Community Health Systems

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.