Community Health Systems (NYSE:CYH) Now Covered by Analysts at Guggenheim

Stock analysts at Guggenheim assumed coverage on shares of Community Health Systems (NYSE:CYH) in a research note issued on Wednesday,Benzinga reports. The firm set a “neutral” rating on the stock.

A number of other analysts also recently weighed in on CYH. Wells Fargo & Company cut their target price on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating for the company in a research report on Monday, March 10th. Truist Financial cut their price objective on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating for the company in a research report on Monday, January 6th. Barclays dropped their target price on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, February 20th. UBS Group decreased their price objective on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Community Health Systems has an average rating of “Hold” and an average price target of $4.10.

Community Health Systems Trading Down 0.8 %

Shares of NYSE:CYH traded down $0.02 on Wednesday, hitting $2.40. The company had a trading volume of 579,519 shares, compared to its average volume of 2,070,062. Community Health Systems has a 1-year low of $2.24 and a 1-year high of $6.29. The stock has a market cap of $336.87 million, a price-to-earnings ratio of -0.62 and a beta of 1.72. The stock has a 50 day moving average price of $3.02 and a 200 day moving average price of $3.70.

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

Hedge Funds Weigh In On Community Health Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of Community Health Systems by 250.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock worth $27,000 after purchasing an additional 6,445 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Community Health Systems in the 4th quarter valued at approximately $33,000. Cibc World Markets Corp bought a new position in shares of Community Health Systems during the fourth quarter valued at $35,000. Virtu Financial LLC bought a new stake in shares of Community Health Systems in the fourth quarter worth $38,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Community Health Systems in the fourth quarter valued at $54,000. 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.