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

Shares of Community Health Systems, Inc. (NYSE:CYH) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $4.02.

A number of brokerages recently issued reports on CYH. UBS Group decreased their target price on shares of Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a research report 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. Truist Financial cut their target price on Community Health Systems from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Friday. Guggenheim began coverage on Community Health Systems in a research report on Wednesday. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company lowered their target price on Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a report on Monday, March 10th.

Community Health Systems Stock Performance

Shares of CYH opened at $2.48 on Thursday. The firm has a fifty day moving average of $2.96 and a 200-day moving average of $3.62. The company has a market cap of $347.25 million, a price-to-earnings ratio of -0.63 and a beta of 1.72. Community Health Systems has a 1 year low of $2.24 and a 1 year high of $6.29.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.51). The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.14 billion. Analysts predict that Community Health Systems will post -0.29 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. grew its stake in Community Health Systems by 157.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock valued at $12,459,000 after acquiring an additional 2,550,678 shares in the last quarter. Barclays PLC lifted its position in Community Health Systems by 1,278.2% in the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock worth $4,296,000 after buying an additional 656,447 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Community Health Systems by 2.4% during the 4th quarter. Rhumbline Advisers now owns 201,436 shares of the company’s stock valued at $602,000 after buying an additional 4,654 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Community Health Systems by 19.1% during the 4th quarter. New York State Common Retirement Fund now owns 1,735,544 shares of the company’s stock valued at $5,189,000 after acquiring an additional 277,827 shares in the last quarter. Finally, Columbus Hill Capital Management L.P. purchased a new stake in shares of Community Health Systems during the fourth quarter worth $3,887,000. 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.