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

Community Health Systems, Inc. (NYSE:CYH) has received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $4.10.

CYH has been the topic of several research reports. Truist Financial decreased 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. Wells Fargo & Company decreased their price target on shares of Community Health Systems from $2.50 to $2.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. UBS Group decreased 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 raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Raymond James downgraded shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd.

Hedge Funds Weigh In On Community Health Systems

A number of institutional investors have recently bought and sold shares of CYH. Assenagon Asset Management S.A. raised its stake in Community Health Systems by 157.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,166,890 shares of the company’s stock worth $12,459,000 after purchasing an additional 2,550,678 shares during the period. Helix Partners Management LP acquired a new stake in shares of Community Health Systems during the fourth quarter valued at about $4,923,000. Columbus Hill Capital Management L.P. acquired a new stake in shares of Community Health Systems during the fourth quarter valued at about $3,887,000. Renaissance Technologies LLC increased its position in shares of Community Health Systems by 913.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,420,393 shares of the company’s stock valued at $4,247,000 after acquiring an additional 1,280,300 shares during the last quarter. Finally, DG Capital Management LLC increased its position in shares of Community Health Systems by 54.8% during the fourth quarter. DG Capital Management LLC now owns 3,502,511 shares of the company’s stock valued at $10,473,000 after acquiring an additional 1,240,413 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Stock Down 2.6 %

CYH opened at $2.79 on Friday. The company has a market cap of $386.90 million, a price-to-earnings ratio of -0.71 and a beta of 1.81. Community Health Systems has a 52-week low of $2.53 and a 52-week high of $6.29. The firm’s fifty day simple moving average is $3.19 and its two-hundred day simple moving average is $4.02.

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

Community Health Systems Company Profile

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.