UBS Group Cuts Community Health Systems (NYSE:CYH) Price Target to $4.10

Community Health Systems (NYSE:CYH) had its price target reduced by UBS Group from $4.80 to $4.10 in a research note released on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on CYH. Raymond James cut Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Friday, November 22nd. Wells Fargo & Company cut Community Health Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $5.00 to $2.50 in a research note on Monday, November 25th. Barclays reduced their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday. Truist Financial cut their price target on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.18.

Community Health Systems Stock Down 0.7 %

NYSE:CYH opened at $3.52 on Thursday. Community Health Systems has a 52-week low of $2.51 and a 52-week high of $6.29. The business’s 50-day moving average price is $3.21 and its 200 day moving average price is $4.27. The firm has a market cap of $488.30 million, a P/E ratio of -0.90 and a beta of 1.63.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CYH. Signaturefd LLC purchased a new position in shares of Community Health Systems during the 3rd quarter valued at $33,000. Tower Research Capital LLC TRC grew its stake in shares of Community Health Systems by 250.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after buying an additional 6,445 shares in the last quarter. Two Sigma Securities LLC acquired a new position in Community Health Systems in the fourth quarter worth approximately $33,000. Cibc World Markets Corp acquired a new stake in Community Health Systems in the fourth quarter valued at approximately $35,000. Finally, CWM LLC grew its position in Community Health Systems by 32.1% in the third quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after acquiring an additional 2,961 shares in the last quarter. 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.