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

Shares of Community Health Systems, Inc. (NYSE:CYH) have received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $3.6167.

Several equities research analysts have recently commented on CYH shares. Zacks Research upgraded Community Health Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Weiss Ratings cut Community Health Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 19th. Truist Financial set a $4.50 price target on shares of Community Health Systems in a research note on Monday, January 5th. 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 report on Wednesday, January 7th. Finally, UBS Group lifted their price objective on shares of Community Health Systems from $3.60 to $3.70 and gave the company a “neutral” rating in a report on Friday, February 20th.

Institutional Trading of Community Health Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CYH. Allianz Asset Management GmbH boosted its position in shares of Community Health Systems by 140.0% during the third quarter. Allianz Asset Management GmbH now owns 641,300 shares of the company’s stock valued at $2,059,000 after buying an additional 374,078 shares during the last quarter. Helix Partners Management LP raised its position in Community Health Systems by 20.0% in the 2nd quarter. Helix Partners Management LP now owns 1,977,765 shares of the company’s stock valued at $6,724,000 after buying an additional 330,020 shares during the last quarter. Aberdeen Group plc lifted its stake in Community Health Systems by 141.2% during the 3rd quarter. Aberdeen Group plc now owns 1,429,780 shares of the company’s stock valued at $4,490,000 after acquiring an additional 837,068 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Community Health Systems by 53.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,110,655 shares of the company’s stock worth $3,465,000 after acquiring an additional 388,116 shares during the last quarter. Finally, Nomura Holdings Inc. grew its stake in shares of Community Health Systems by 25.9% in the 2nd quarter. Nomura Holdings Inc. now owns 7,271,079 shares of the company’s stock worth $24,722,000 after acquiring an additional 1,494,378 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Community Health Systems Trading Up 1.5%

NYSE:CYH opened at $2.99 on Thursday. Community Health Systems has a 12 month low of $2.24 and a 12 month high of $4.47. The stock has a market capitalization of $413.80 million, a price-to-earnings ratio of 0.79 and a beta of 2.10. The firm has a fifty day simple moving average of $3.24 and a two-hundred day simple moving average of $3.28.

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.