Community Health Systems (NYSE:CYH) Downgraded by StockNews.com to “Sell”

StockNews.com lowered shares of Community Health Systems (NYSE:CYH) from a hold rating to a sell rating in a report issued on Monday morning.

Several other research firms also recently weighed in on CYH. Truist Financial dropped their target price on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a report on Friday, October 25th. Barclays lifted their price objective on Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 target price on shares of Community Health Systems in a research note on Monday, August 12th. Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday. Finally, Wells Fargo & Company lowered shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $5.00 to $2.50 in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.77.

Community Health Systems Stock Up 1.4 %

CYH stock opened at $3.70 on Monday. Community Health Systems has a 52-week low of $2.31 and a 52-week high of $6.29. The stock has a market cap of $514.12 million, a price-to-earnings ratio of -1.23 and a beta of 1.60. The business has a fifty day moving average of $4.98 and a two-hundred day moving average of $4.51.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.08 billion. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.33) EPS. As a group, sell-side analysts anticipate that Community Health Systems will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Community Health Systems by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock worth $28,436,000 after purchasing an additional 28,669 shares during the last quarter. Whitebox Advisors LLC lifted its holdings in Community Health Systems by 43.3% during the 2nd quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock worth $10,150,000 after buying an additional 913,542 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Community Health Systems by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company’s stock worth $5,875,000 after acquiring an additional 43,145 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Community Health Systems by 6.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,616,212 shares of the company’s stock valued at $9,810,000 after acquiring an additional 91,985 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Community Health Systems during the 2nd quarter worth about $3,692,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.