Community Health Systems (NYSE:CYH) Trading 9.7% Higher – Time to Buy?

Shares of Community Health Systems, Inc. (NYSE:CYH) were up 9.7% during trading on Thursday . The stock traded as high as $3.86 and last traded at $3.8850. 1,202,024 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 1,626,870 shares. The stock had previously closed at $3.54.

Wall Street Analyst Weigh In

CYH has been the subject of several research analyst reports. Zacks Research lowered Community Health Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Truist Financial decreased their target price on Community Health Systems from $3.50 to $3.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings cut Community Health Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. Barclays cut their price target on shares of Community Health Systems from $3.50 to $3.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 23rd. Finally, Wall Street Zen cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research 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 given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $3.28.

Community Health Systems Stock Up 4.9%

The firm has a market cap of $523.51 million, a PE ratio of 1.09 and a beta of 1.80. The business has a 50-day moving average price of $2.92 and a two-hundred day moving average price of $3.11.

Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, April 21st. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30). Community Health Systems had a net margin of 3.78% and a negative return on equity of 7.62%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter 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, equities research analysts predict that Community Health Systems, Inc. will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

Large investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake in Community Health Systems by 601.9% during the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after acquiring an additional 7,963 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Community Health Systems in the fourth quarter valued at $34,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Community Health Systems during the fourth quarter worth about $35,000. Valeo Financial Advisors LLC acquired a new stake in shares of Community Health Systems during the fourth quarter worth about $39,000. Finally, Quarry LP purchased a new stake in shares of Community Health Systems in the 3rd quarter valued at about $39,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Company Profile

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.