Community Health Systems (NYSE:CYH) Trading Down 4.7% – Time to Sell?

Community Health Systems, Inc. (NYSE:CYH)’s stock price traded down 4.7% during trading on Monday . The company traded as low as $3.69 and last traded at $3.7150. Approximately 390,962 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,643,535 shares. The stock had previously closed at $3.90.

Analysts Set New Price Targets

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

Community Health Systems Trading Down 5.6%

The company has a 50-day moving average of $3.01 and a 200-day moving average of $3.13. The company has a market capitalization of $508.02 million, a price-to-earnings ratio of 1.05 and a beta of 1.81.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Tuesday, April 21st. The company reported ($0.48) earnings per share 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 analysts’ expectations of $2.89 billion. Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.Community Health Systems’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. On average, research analysts expect that Community Health Systems, Inc. will post -0.58 EPS for the current year.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds have recently made changes to their positions in CYH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Community Health Systems by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock worth $202,000 after acquiring an additional 3,204 shares during the period. Creative Planning increased its holdings in shares of Community Health Systems by 14.1% in the second quarter. Creative Planning now owns 98,577 shares of the company’s stock valued at $335,000 after purchasing an additional 12,204 shares during the period. Rhumbline Advisers raised its stake in shares of Community Health Systems by 3.8% in the second quarter. Rhumbline Advisers now owns 206,497 shares of the company’s stock worth $702,000 after purchasing an additional 7,549 shares during the last quarter. Norges Bank acquired a new stake in shares of Community Health Systems during the second quarter worth about $1,204,000. Finally, Marshall Wace LLP purchased a new stake in Community Health Systems in the second quarter valued at approximately $321,000. 84.99% of the stock is owned by institutional investors and hedge funds.

About Community Health Systems

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.