Analysts Set Community Health Systems, Inc. (NYSE:CYH) Price Target at $4.10

Community Health Systems, Inc. (NYSE:CYH) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $4.10.

CYH has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Raymond James lowered shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd. Truist Financial cut their price target on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research note on Monday, January 6th. Finally, Barclays cut their price objective on shares of Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 20th.

Community Health Systems Stock Down 2.6 %

NYSE:CYH opened at $2.79 on Friday. Community Health Systems has a 52 week low of $2.53 and a 52 week high of $6.29. The firm has a 50 day moving average of $3.19 and a 200 day moving average of $4.02. The stock has a market capitalization of $386.90 million, a price-to-earnings ratio of -0.71 and a beta of 1.81.

Community Health Systems (NYSE:CYH) last posted its earnings results on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.14 billion. As a group, analysts expect that Community Health Systems will post -0.29 EPS for the current year.

Institutional Trading of Community Health Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Community Health Systems by 6.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,176 shares of the company’s stock valued at $921,000 after buying an additional 18,612 shares during the period. State of Wyoming grew its position in Community Health Systems by 8.9% during the fourth quarter. State of Wyoming now owns 75,698 shares of the company’s stock valued at $226,000 after buying an additional 6,207 shares during the period. ProShare Advisors LLC grew its position in Community Health Systems by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 35,353 shares of the company’s stock valued at $106,000 after buying an additional 11,632 shares during the period. Nomura Holdings Inc. acquired a new stake in Community Health Systems during the fourth quarter valued at $117,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Community Health Systems by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,783 shares of the company’s stock valued at $215,000 after buying an additional 3,124 shares during the period. Institutional investors and hedge funds 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.