Community Health Systems (NYSE:CYH) Price Target Lowered to $3.50 at Truist Financial

Community Health Systems (NYSE:CYH) had its target price trimmed by Truist Financial from $4.00 to $3.50 in a report released on Monday morning,Benzinga reports. The firm currently has a hold rating on the stock.

CYH has been the topic of several other research reports. Wells Fargo & Company cut their price target on shares of Community Health Systems from $3.00 to $2.00 and set an “underweight” rating on the stock in a report on Wednesday, January 7th. UBS Group increased their price target on shares of Community Health Systems from $3.60 to $3.70 and gave the stock a “neutral” rating in a report on Friday, February 20th. Weiss Ratings downgraded shares of Community Health Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 19th. Finally, Zacks Research upgraded shares of Community Health Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.45.

Community Health Systems Stock Down 3.0%

CYH opened at $3.06 on Monday. Community Health Systems has a 52-week low of $2.26 and a 52-week high of $4.47. The company has a market cap of $430.54 million, a P/E ratio of 0.81 and a beta of 1.97. The firm’s 50-day moving average price is $3.21 and its 200-day moving average price is $3.28.

Institutional Investors Weigh In On Community Health Systems

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Community Health Systems by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock valued at $202,000 after buying an additional 3,204 shares in the last quarter. Creative Planning lifted its position in shares of Community Health Systems by 14.1% during the 2nd quarter. Creative Planning now owns 98,577 shares of the company’s stock valued at $335,000 after buying an additional 12,204 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Community Health Systems by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 206,497 shares of the company’s stock valued at $702,000 after buying an additional 7,549 shares in the last quarter. Norges Bank purchased a new position in shares of Community Health Systems during the 2nd quarter valued at approximately $1,204,000. Finally, Marshall Wace LLP purchased a new position in shares of Community Health Systems during the 2nd quarter valued at approximately $321,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.