Community Health Systems (NYSE:CYH) Trading Up 5.3% – Here’s Why

Community Health Systems, Inc. (NYSE:CYH)’s stock price was up 5.3% during trading on Monday . The company traded as high as $3.71 and last traded at $3.70. Approximately 2,635,038 shares changed hands during trading, an increase of 9% from the average daily volume of 2,427,034 shares. The stock had previously closed at $3.51.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Raymond James lowered shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. UBS Group cut their target price on Community Health Systems from $4.80 to $4.10 and set a “neutral” rating for the company in a research report on Thursday. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday. Truist Financial reduced their price objective 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 reduced their target price on Community Health Systems from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Community Health Systems has a consensus rating of “Hold” and an average target price of $4.18.

Community Health Systems Stock Performance

The firm has a fifty day moving average price of $3.21 and a 200 day moving average price of $4.27. The company has a market cap of $511.93 million, a price-to-earnings ratio of -0.94 and a beta of 1.63.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CWM LLC increased its holdings in shares of Community Health Systems by 32.1% during the third quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after purchasing an additional 2,961 shares during the period. Creative Planning acquired a new stake in shares of Community Health Systems during the 3rd quarter valued at $163,000. Signaturefd LLC acquired a new position in shares of Community Health Systems in the third quarter valued at approximately $33,000. Assenagon Asset Management S.A. raised its stake in shares of Community Health Systems by 6.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,616,212 shares of the company’s stock valued at $9,810,000 after acquiring an additional 91,985 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new stake in shares of Community Health Systems in the 3rd quarter valued at about $610,000. 84.99% of the stock is owned by institutional investors.

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.