Community Health Systems (NYSE:CYH) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Community Health Systems (NYSE:CYH) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other brokerages have also issued reports on CYH. Weiss Ratings raised Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Truist Financial increased their target price on Community Health Systems from $3.00 to $3.75 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Barclays decreased their target price on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Thursday. UBS Group cut their price target on shares of Community Health Systems from $3.20 to $3.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Zacks Research downgraded shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $2.95.

Community Health Systems Price Performance

Community Health Systems stock opened at $2.71 on Friday. The firm has a market capitalization of $382.59 million, a P/E ratio of 1.47 and a beta of 1.81. Community Health Systems has a 1-year low of $2.38 and a 1-year high of $4.43. The company’s 50-day moving average is $3.11 and its 200 day moving average is $3.13.

Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, July 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.09). The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. Research analysts anticipate that Community Health Systems will post -0.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

A number of large investors have recently bought and sold shares of the business. Eversept Partners LP boosted its position in Community Health Systems by 9.2% during the 1st quarter. Eversept Partners LP now owns 8,677,281 shares of the company’s stock valued at $25,511,000 after acquiring an additional 733,479 shares in the last quarter. Vanguard Group Inc. grew its stake in Community Health Systems by 0.6% in the third quarter. Vanguard Group Inc. now owns 8,553,686 shares of the company’s stock valued at $27,457,000 after purchasing an additional 50,576 shares during the last quarter. Nomura Holdings Inc. grew its stake in Community Health Systems by 4.3% in the third quarter. Nomura Holdings Inc. now owns 7,585,919 shares of the company’s stock valued at $24,351,000 after purchasing an additional 314,840 shares during the last quarter. Whitebox Advisors LLC lifted its position in shares of Community Health Systems by 42.1% during the first quarter. Whitebox Advisors LLC now owns 3,127,884 shares of the company’s stock valued at $9,196,000 after buying an additional 926,364 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Community Health Systems by 25.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,035,088 shares of the company’s stock valued at $9,469,000 after buying an additional 607,066 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Company Profile

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.