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

Community Health Systems, Inc. (NYSE:CYH) has received a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $3.60.

CYH has been the topic of a number of research analyst reports. Truist Financial set a $4.50 price objective on shares of Community Health Systems in a research report on Monday, January 5th. Wall Street Zen lowered Community Health Systems from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. UBS Group increased their target price on Community Health Systems from $3.20 to $3.60 and gave the company a “neutral” rating in a report on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of Community Health Systems in a research note on Monday, December 29th. Finally, Wells Fargo & Company lowered their price objective on shares of Community Health Systems from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 7th.

Community Health Systems Stock Performance

NYSE CYH opened at $3.14 on Wednesday. Community Health Systems has a one year low of $2.24 and a one year high of $4.47. The stock has a 50-day moving average of $3.29 and a 200 day moving average of $3.16. The company has a market capitalization of $434.26 million, a price-to-earnings ratio of 1.30 and a beta of 2.10.

Hedge Funds Weigh In On Community Health Systems

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Community Health Systems by 0.6% during the third quarter. Vanguard Group Inc. now owns 8,553,686 shares of the company’s stock valued at $27,457,000 after purchasing an additional 50,576 shares in the last quarter. Nomura Holdings Inc. lifted its position in shares of Community Health Systems by 4.3% during the 3rd quarter. Nomura Holdings Inc. now owns 7,585,919 shares of the company’s stock valued at $24,351,000 after buying an additional 314,840 shares in the last quarter. Geode Capital Management LLC increased its holdings in Community Health Systems by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,936,764 shares of the company’s stock worth $9,987,000 after acquiring an additional 54,202 shares in the last quarter. Whitebox Advisors LLC raised its stake in Community Health Systems by 11.7% during the 3rd quarter. Whitebox Advisors LLC now owns 2,385,086 shares of the company’s stock worth $7,656,000 after acquiring an additional 250,000 shares during the period. Finally, Helix Partners Management LP lifted its holdings in Community Health Systems by 20.0% during the second quarter. Helix Partners Management LP now owns 1,977,765 shares of the company’s stock valued at $6,724,000 after purchasing an additional 330,020 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

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.