Community Health Systems (NYSE:CYH) Shares Gap Down After Analyst Downgrade

Shares of Community Health Systems, Inc. (NYSE:CYH) gapped down before the market opened on Wednesday after Barclays downgraded the stock from an equal weight rating to an underweight rating. The stock had previously closed at $3.82, but opened at $3.53. Barclays now has a $3.00 price target on the stock. Community Health Systems shares last traded at $3.6250, with a volume of 161,870 shares changing hands.

Other analysts have also issued research reports about the company. Wall Street Zen lowered Community Health Systems from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Zacks Research lowered shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings raised shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Finally, Truist Financial lowered their price objective on shares of Community Health Systems from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $3.28.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently modified their holdings of CYH. Royal Bank of Canada raised 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 worth $29,000 after buying an additional 7,963 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Community Health Systems during the 4th quarter valued at approximately $34,000. Wealthcare Advisory Partners LLC bought a new position in shares of Community Health Systems in the 4th quarter worth approximately $35,000. Valeo Financial Advisors LLC purchased a new position in shares of Community Health Systems in the 4th quarter valued at approximately $39,000. Finally, Quarry LP bought a new stake in shares of Community Health Systems during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Price Performance

The company has a market capitalization of $498.15 million, a PE ratio of 1.05 and a beta of 1.81. The company has a 50 day moving average of $3.01 and a two-hundred day moving average of $3.13.

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

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.