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

Shares of Community Health Systems, Inc. (NYSE:CYH) have received a consensus rating of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $3.7250.

Several research firms have issued reports on CYH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Community Health Systems in a report on Monday, December 15th. UBS Group boosted their target price on Community Health Systems from $3.20 to $3.60 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Wall Street Zen cut Community Health Systems from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, Wells Fargo & Company boosted their price objective on Community Health Systems from $2.50 to $3.00 and gave the stock an “underweight” rating in a report on Tuesday, October 7th.

Community Health Systems Stock Up 1.1%

Shares of NYSE CYH opened at $3.26 on Tuesday. Community Health Systems has a 12-month low of $2.24 and a 12-month high of $4.47. The firm’s 50-day simple moving average is $3.43 and its 200 day simple moving average is $3.21. The company has a market cap of $450.88 million, a price-to-earnings ratio of 1.35 and a beta of 2.00.

Community Health Systems (NYSE:CYH) last announced its earnings results on Thursday, October 23rd. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $1.57. Community Health Systems had a net margin of 2.60% and a negative return on equity of 6.90%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the firm posted ($0.30) earnings per share. The company’s revenue was down .1% on a year-over-year basis. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. On average, equities analysts expect that Community Health Systems will post -0.29 earnings per share for the current year.

Institutional Trading of Community Health Systems

A number of institutional investors have recently bought and sold shares of CYH. Charles Schwab Investment Management Inc. raised its position in shares of Community Health Systems by 8.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,413,077 shares of the company’s stock valued at $3,815,000 after acquiring an additional 112,741 shares during the last quarter. Nuveen LLC bought a new stake in Community Health Systems in the first quarter valued at about $433,000. Russell Investments Group Ltd. lifted its stake in Community Health Systems by 29.1% in the first quarter. Russell Investments Group Ltd. now owns 209,043 shares of the company’s stock valued at $564,000 after buying an additional 47,067 shares during the period. Aberdeen Group plc boosted its holdings in Community Health Systems by 571.0% during the first quarter. Aberdeen Group plc now owns 592,712 shares of the company’s stock worth $1,600,000 after buying an additional 504,377 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Community Health Systems by 9.8% during the 1st quarter. Hsbc Holdings PLC now owns 114,595 shares of the company’s stock worth $309,000 after buying an additional 10,184 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.