Community Health Systems (NYSE:CYH) Raised to Hold at BMO Capital Markets

Community Health Systems (NYSE:CYH) was upgraded by stock analysts at BMO Capital Markets to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

A number of other research firms also recently issued reports on CYH. Truist Financial dropped their price objective on shares of Community Health Systems from $3.75 to $3.25 and set a “hold” rating on the stock in a research note on Monday, July 27th. Weiss Ratings raised Community Health Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 16th. Barclays cut their price target on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating on the stock in a report on Thursday, July 23rd. UBS Group reduced their price target on Community Health Systems from $3.20 to $3.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Wall Street Zen downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Community Health Systems presently has an average rating of “Reduce” and an average price target of $2.96.

Community Health Systems Trading Down 0.1%

Shares of Community Health Systems stock opened at $3.02 on Tuesday. The stock’s fifty day moving average price is $2.94 and its 200-day moving average price is $3.01. The firm has a market cap of $425.42 million, a P/E ratio of 1.63 and a beta of 1.86. Community Health Systems has a 12 month low of $2.40 and a 12 month high of $4.43.

Community Health Systems (NYSE:CYH) last issued 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). Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%.The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company earned ($0.05) earnings per share. The firm’s revenue was down 9.8% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. Analysts forecast that Community Health Systems will post -0.86 earnings per share for the current year.

Insider Activity at Community Health Systems

In other news, Director William Jennings sold 40,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $2.96, for a total value of $118,400.00. Following the completion of the sale, the director owned 38,468 shares of the company’s stock, valued at $113,865.28. This trade represents a 50.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd acquired a new stake in shares of Community Health Systems during the first quarter worth $40,000. Legal & General Group Plc purchased a new position in Community Health Systems in the 2nd quarter worth $45,000. Sequoia Financial Advisors LLC acquired a new stake in Community Health Systems during the 2nd quarter worth about $64,000. Pallas Capital Advisors LLC purchased a new stake in Community Health Systems during the 2nd quarter valued at about $74,000. Finally, Callan Family Office LLC acquired a new position in shares of Community Health Systems in the second quarter valued at about $96,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Community Health Systems Company Profile

Community Health Systems, Inc (NYSE: CYH) is a healthcare services company that owns, leases, or operates general acute-care hospitals and related healthcare facilities in communities across the United States. The company focuses primarily on serving non-urban and rural markets, providing access to hospital-based and outpatient care.

Its services generally include emergency care, inpatient and outpatient surgery, diagnostic imaging, laboratory services, cardiology, orthopedics, women’s health, rehabilitation, behavioral health, and other medical services.