Brokerages Set Community Health Systems, Inc. (NYSE:CYH) Target Price at $4.10

Shares of Community Health Systems, Inc. (NYSE:CYH) have been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $4.02.

CYH has been the topic of a number of recent research reports. Guggenheim began coverage on Community Health Systems in a research note on Wednesday, April 9th. They issued a “neutral” rating on the stock. UBS Group dropped their target price on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Barclays lowered their price target on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. Truist Financial reduced their price objective on shares of Community Health Systems from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Friday. Finally, StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. raised its holdings in Community Health Systems by 157.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock valued at $12,459,000 after acquiring an additional 2,550,678 shares during the last quarter. Helix Partners Management LP purchased a new stake in shares of Community Health Systems in the fourth quarter valued at approximately $4,923,000. Columbus Hill Capital Management L.P. acquired a new stake in shares of Community Health Systems in the fourth quarter valued at approximately $3,887,000. Renaissance Technologies LLC boosted its stake in Community Health Systems by 913.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company’s stock worth $4,247,000 after buying an additional 1,280,300 shares during the last quarter. Finally, DG Capital Management LLC grew its holdings in Community Health Systems by 54.8% in the 4th quarter. DG Capital Management LLC now owns 3,502,511 shares of the company’s stock valued at $10,473,000 after buying an additional 1,240,413 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Price Performance

Community Health Systems stock opened at $2.59 on Thursday. The business has a fifty day moving average price of $2.95 and a 200-day moving average price of $3.58. Community Health Systems has a 1-year low of $2.24 and a 1-year high of $6.29. The stock has a market capitalization of $363.38 million, a price-to-earnings ratio of -0.66 and a beta of 1.72.

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

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.