Community Health Systems (NYSE:CYH) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Community Health Systems (NYSE:CYH) from a buy rating to a hold rating in a research report released on Sunday.

Several other research firms have also recently weighed in on CYH. Weiss Ratings reiterated a “sell (d-)” rating on shares of Community Health Systems in a research report on Wednesday, October 8th. Barclays dropped their price target on shares of Community Health Systems from $4.00 to $3.50 and set an “equal weight” rating for the company in a research note on Thursday, July 24th. Royal Bank Of Canada cut their price objective on Community Health Systems from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Friday, July 25th. Truist Financial lifted their target price on shares of Community Health Systems from $3.50 to $4.25 and gave the stock a “hold” rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company lifted their price target on shares of Community Health Systems from $2.50 to $3.00 and gave the company an “underweight” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $3.73.

Community Health Systems Price Performance

Shares of NYSE CYH opened at $3.79 on Friday. The company’s 50 day simple moving average is $3.19 and its 200 day simple moving average is $3.22. Community Health Systems has a fifty-two week low of $2.24 and a fifty-two week high of $4.64. The firm has a market capitalization of $524.30 million, a P/E ratio of 1.56 and a beta of 1.88.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the business posted ($0.30) earnings per share. Community Health Systems’s revenue was down .1% compared to the same quarter last year. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. Sell-side analysts expect that Community Health Systems will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Apollo Management Holdings L.P. boosted its stake in Community Health Systems by 14.0% in the first quarter. Apollo Management Holdings L.P. now owns 7,628,576 shares of the company’s stock valued at $20,597,000 after acquiring an additional 938,835 shares during the last quarter. Nomura Holdings Inc. lifted its stake in shares of Community Health Systems by 25.9% during the 2nd quarter. Nomura Holdings Inc. now owns 7,271,079 shares of the company’s stock valued at $24,722,000 after buying an additional 1,494,378 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Community Health Systems by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,936,764 shares of the company’s stock valued at $9,987,000 after buying an additional 54,202 shares in the last quarter. Penn Capital Management Company LLC lifted its stake in shares of Community Health Systems by 8.6% during the 1st quarter. Penn Capital Management Company LLC now owns 2,576,479 shares of the company’s stock valued at $6,964,000 after buying an additional 204,199 shares in the last quarter. Finally, Helix Partners Management LP lifted its stake in shares of Community Health Systems by 20.0% during 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 in the last quarter. 84.99% of the stock is currently owned by hedge funds and other 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.