Community Health Systems, Inc. (NYSE:CYH) Given Consensus Rating of “Hold” by Analysts

Community Health Systems, Inc. (NYSE:CYH) has been given an average recommendation of “Hold” by the eight research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.38.

Several research firms recently weighed in on CYH. UBS Group set a $3.50 target price on Community Health Systems in a research report on Friday, April 25th. Guggenheim began coverage on Community Health Systems in a research report on Wednesday, April 9th. They set a “neutral” rating on the stock. Wells Fargo & Company reiterated an “underweight” rating and set a $3.50 target price (up from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. Finally, Truist Financial increased their target price on Community Health Systems from $3.50 to $4.25 and gave the stock a “hold” rating in a research report on Wednesday.

Community Health Systems Stock Down 1.1%

CYH opened at $3.60 on Friday. The firm has a market cap of $505.12 million, a P/E ratio of -0.98 and a beta of 2.06. Community Health Systems has a 52 week low of $2.24 and a 52 week high of $6.29. The business’s fifty day simple moving average is $3.62 and its 200 day simple moving average is $3.19.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.07. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.10 billion. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.14) EPS. As a group, equities analysts expect that Community Health Systems will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

A number of large investors have recently modified their holdings of CYH. Vanguard Group Inc. raised its holdings in shares of Community Health Systems by 12.3% during the 4th quarter. Vanguard Group Inc. now owns 11,200,657 shares of the company’s stock valued at $33,490,000 after buying an additional 1,229,039 shares during the period. Apollo Management Holdings L.P. raised its holdings in shares of Community Health Systems by 14.0% during the 1st quarter. Apollo Management Holdings L.P. now owns 7,628,576 shares of the company’s stock valued at $20,597,000 after buying an additional 938,835 shares during the period. Nomura Holdings Inc. raised its holdings in shares of Community Health Systems by 14,684.8% during the 1st quarter. Nomura Holdings Inc. now owns 5,776,701 shares of the company’s stock valued at $15,597,000 after buying an additional 5,737,629 shares during the period. DG Capital Management LLC raised its holdings in shares of Community Health Systems by 54.8% during the 4th quarter. DG Capital Management LLC now owns 3,502,511 shares of the company’s stock valued at $10,473,000 after buying an additional 1,240,413 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Community Health Systems by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,809,230 shares of the company’s stock valued at $8,402,000 after buying an additional 9,772 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

About Community Health Systems

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.