Community Health Systems’ (CYH) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of Community Health Systems (NYSE:CYH) in a research report report published on Thursday morning, MarketBeat.com reports. The firm currently has a $3.00 target price on the stock, down from their prior target price of $4.25.

Several other brokerages have also weighed in on CYH. UBS Group set a $3.50 target price on Community Health Systems in a research report on Friday, April 25th. Truist Financial raised their price objective on Community Health Systems from $3.50 to $4.25 and gave the stock a “hold” rating in a report on Wednesday, July 16th. Guggenheim began coverage on Community Health Systems in a research note on Wednesday, April 9th. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $3.50 target price (up previously from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Community Health Systems presently has a consensus rating of “Hold” and an average price target of $3.74.

Community Health Systems Price Performance

CYH opened at $2.77 on Thursday. Community Health Systems has a 12 month low of $2.24 and a 12 month high of $6.29. The business has a 50-day moving average of $3.55 and a two-hundred day moving average of $3.21. The stock has a market capitalization of $387.96 million, a price-to-earnings ratio of -1.86 and a beta of 2.06.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.10). The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.02 billion. The business’s revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned ($0.17) earnings per share. Equities research analysts anticipate that Community Health Systems will post -0.29 earnings per share for the current year.

Hedge Funds Weigh In On Community Health Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake 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 valued at $27,000 after purchasing an additional 6,445 shares during the period. R Squared Ltd grew its holdings in Community Health Systems by 71.6% during the 1st quarter. R Squared Ltd now owns 10,950 shares of the company’s stock valued at $30,000 after purchasing an additional 4,570 shares in the last quarter. CWM LLC increased its stake in Community Health Systems by 133.1% during the 2nd quarter. CWM LLC now owns 10,974 shares of the company’s stock worth $37,000 after buying an additional 6,266 shares during the period. Two Sigma Securities LLC acquired a new position in Community Health Systems in the 4th quarter worth $33,000. Finally, Cibc World Markets Corp purchased a new position in Community Health Systems in the 4th quarter valued at about $35,000. 84.99% of the stock is owned by institutional investors and hedge funds.

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.