Community Health Systems (NYSE:CYH) Trading Up 7.3% – What’s Next?

Community Health Systems, Inc. (NYSE:CYH)’s share price rose 7.3% on Monday . The stock traded as high as $3.83 and last traded at $3.7140. Approximately 3,537,266 shares were traded during trading, an increase of 38% from the average daily volume of 2,564,974 shares. The stock had previously closed at $3.46.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. UBS Group upped their price objective on Community Health Systems from $3.20 to $3.60 and gave the company a “neutral” rating in a research report on Monday, October 27th. Wall Street Zen downgraded shares of Community Health Systems from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Wells Fargo & Company raised their price target on shares of Community Health Systems from $2.50 to $3.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Community Health Systems in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Community Health Systems has a consensus rating of “Hold” and a consensus target price of $3.73.

Community Health Systems Trading Up 5.3%

The company has a market capitalization of $504.91 million, a PE ratio of 1.51 and a beta of 2.07. The company’s 50 day moving average price is $3.35 and its 200-day moving average price is $3.26.

Community Health Systems (NYSE:CYH) last issued its earnings results on Thursday, October 23rd. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of ($0.30) by $1.57. Community Health Systems had a negative return on equity of 6.90% and a net margin of 2.60%.The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the company posted ($0.30) EPS. The business’s quarterly 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. As a group, analysts predict that Community Health Systems, Inc. will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Community Health Systems by 0.6% in the third quarter. Vanguard Group Inc. now owns 8,553,686 shares of the company’s stock worth $27,457,000 after acquiring an additional 50,576 shares in the last quarter. Apollo Management Holdings L.P. increased its holdings in Community Health Systems by 14.0% in the 1st quarter. Apollo Management Holdings L.P. now owns 7,628,576 shares of the company’s stock valued at $20,597,000 after purchasing an additional 938,835 shares in the last quarter. Nomura Holdings Inc. raised its position 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 period. Geode Capital Management LLC lifted its stake in shares of Community Health Systems by 1.9% during the second quarter. Geode Capital Management LLC now owns 2,936,764 shares of the company’s stock worth $9,987,000 after purchasing an additional 54,202 shares in the last quarter. Finally, Penn Capital Management Company LLC grew its stake in shares of Community Health Systems by 8.6% in the first 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. Hedge funds and other institutional investors own 84.99% of the company’s stock.

About Community Health Systems

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.