Community Health Systems (NYSE:CYH) Shares Pass Above 200 Day Moving Average – Time to Sell?

Community Health Systems, Inc. (NYSE:CYH) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.27 and traded as high as $3.29. Community Health Systems shares last traded at $3.0050, with a volume of 1,471,945 shares trading hands.

Analyst Ratings Changes

Several brokerages recently weighed in on CYH. Royal Bank Of Canada reduced their price target on shares of Community Health Systems from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, July 25th. Barclays decreased their price target on shares of Community Health Systems from $4.00 to $3.50 and set an “equal weight” rating for the company in a research note on Thursday, July 24th. UBS Group lifted their price objective on shares of Community Health Systems from $3.20 to $3.60 and gave the company a “neutral” rating in a report on Monday, October 27th. Wells Fargo & Company increased their price target on shares of Community Health Systems from $2.50 to $3.00 and gave the company an “underweight” rating in a research report on Tuesday, October 7th. Finally, Wall Street Zen downgraded Community Health Systems from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $3.73.

Community Health Systems Trading Down 7.8%

The company has a market capitalization of $416.25 million, a price-to-earnings ratio of 1.24 and a beta of 2.07. The firm has a 50-day simple moving average of $3.30 and a two-hundred day simple moving average of $3.27.

Community Health Systems (NYSE:CYH) last posted its earnings results on Thursday, October 23rd. The company reported $1.27 EPS for the quarter, topping the consensus estimate of ($0.30) by $1.57. Community Health Systems had a negative return on equity of 6.90% and a net margin of 2.60%.The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the company earned ($0.30) earnings per share. Community Health Systems’s revenue for the quarter was down .1% compared to the same quarter last year. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. Equities research analysts anticipate that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Hedge Funds Weigh In On Community Health Systems

Several institutional investors and hedge funds have recently modified their holdings of CYH. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Community Health Systems during the 3rd quarter worth approximately $32,000. R Squared Ltd grew its position in shares of Community Health Systems by 71.6% in the first 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 during the period. CWM LLC raised its position in shares of 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 purchasing an additional 6,266 shares during the last quarter. Savvy Advisors Inc. purchased a new position in Community Health Systems in the 2nd quarter valued at about $40,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Community Health Systems during the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.