Community Health Systems (NYSE:CYH) Upgraded at StockNews.com

StockNews.com upgraded shares of Community Health Systems (NYSE:CYH) from a sell rating to a hold rating in a research note issued to investors on Thursday.

A number of other analysts have also commented on the company. Truist Financial decreased their price objective on Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research note on Monday, January 6th. Barclays decreased their price objective on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday. Wells Fargo & Company lowered Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $5.00 to $2.50 in a research note on Monday, November 25th. Raymond James lowered Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd. Finally, UBS Group decreased their price target on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research note on Thursday. Two investment 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.18.

Community Health Systems Stock Performance

Community Health Systems stock opened at $3.52 on Thursday. Community Health Systems has a fifty-two week low of $2.51 and a fifty-two week high of $6.29. The stock’s fifty day moving average is $3.21 and its two-hundred day moving average is $4.27. The firm has a market capitalization of $488.30 million, a price-to-earnings ratio of -0.90 and a beta of 1.63.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates 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. As a group, sell-side analysts forecast that Community Health Systems will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds and other institutional investors have recently modified their holdings of CYH. CWM LLC lifted its stake in shares of Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after purchasing an additional 2,961 shares in the last quarter. Creative Planning acquired a new position in shares of Community Health Systems in the 3rd quarter valued at about $163,000. Signaturefd LLC acquired a new position in shares of Community Health Systems in the 3rd quarter valued at about $33,000. Assenagon Asset Management S.A. lifted its stake 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 purchasing an additional 91,985 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new position in shares of Community Health Systems in the 3rd quarter valued at about $610,000. 84.99% of the stock is owned by institutional investors and hedge funds.

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.