Community Health Systems (NYSE:CYH) Stock Passes Above 200 Day Moving Average – Should You Sell?

Community Health Systems, Inc. (NYSE:CYH)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.19 and traded as high as $3.41. Community Health Systems shares last traded at $3.3550, with a volume of 1,008,223 shares trading hands.

Analyst Upgrades and Downgrades

CYH has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Community Health Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a research note on Wednesday. UBS Group boosted their target price 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 lowered Community Health Systems from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Truist Financial set a $4.50 price objective on Community Health Systems in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Community Health Systems in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.60.

Community Health Systems Stock Performance

The company’s 50 day moving average price is $3.35 and its 200-day moving average price is $3.19. The stock has a market cap of $464.73 million, a P/E ratio of 1.39 and a beta of 2.04.

Community Health Systems (NYSE:CYH) last released its quarterly 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. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3 billion. Community Health Systems had a net margin of 2.60% and a negative return on equity of 6.90%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.30) earnings per share. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. On average, analysts forecast that Community Health Systems, Inc. will post -0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CYH. Nomura Holdings Inc. boosted its position in Community Health Systems by 25.9% in the second quarter. Nomura Holdings Inc. now owns 7,271,079 shares of the company’s stock worth $24,722,000 after purchasing an additional 1,494,378 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Community Health Systems by 112.4% in the 2nd quarter. Bank of America Corp DE now owns 1,872,343 shares of the company’s stock worth $6,366,000 after buying an additional 991,014 shares during the last quarter. Aberdeen Group plc grew its position in Community Health Systems by 141.2% during the third quarter. Aberdeen Group plc now owns 1,429,780 shares of the company’s stock valued at $4,490,000 after buying an additional 837,068 shares during the period. Canada Pension Plan Investment Board increased its holdings in Community Health Systems by 1,073.2% during the second quarter. Canada Pension Plan Investment Board now owns 476,300 shares of the company’s stock worth $1,619,000 after buying an additional 435,700 shares during the last quarter. Finally, Owl Creek Asset Management L.P. boosted its stake in Community Health Systems by 26.4% in the second quarter. Owl Creek Asset Management L.P. now owns 1,863,221 shares of the company’s stock valued at $6,335,000 after acquiring an additional 388,826 shares during the last quarter. Hedge funds and other 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.