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

Community Health Systems, Inc. (NYSE:CYH) has been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $3.6167.

Several research analysts recently issued reports on CYH shares. Zacks Research raised Community Health Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Weiss Ratings cut Community Health Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 19th. Truist Financial set a $4.50 price objective on Community Health Systems in a research report on Monday, January 5th. Wells Fargo & Company reduced their target price on Community Health Systems from $3.00 to $2.00 and set an “underweight” rating on the stock in a report on Wednesday, January 7th. Finally, UBS Group increased their target price on shares of Community Health Systems from $3.60 to $3.70 and gave the company a “neutral” rating in a research report on Friday, February 20th.

Community Health Systems Stock Performance

Shares of NYSE:CYH opened at $2.95 on Thursday. Community Health Systems has a 52 week low of $2.24 and a 52 week high of $4.47. The firm has a market cap of $408.27 million, a PE ratio of 0.78 and a beta of 2.10. The firm’s fifty day moving average is $3.27 and its 200-day moving average is $3.28.

Institutional Trading of Community Health Systems

A number of large investors have recently bought and sold shares of CYH. Allianz Asset Management GmbH increased its holdings in shares of Community Health Systems by 140.0% during the third quarter. Allianz Asset Management GmbH now owns 641,300 shares of the company’s stock valued at $2,059,000 after acquiring an additional 374,078 shares in the last quarter. Helix Partners Management LP grew its position in Community Health Systems by 20.0% in the 2nd quarter. Helix Partners Management LP now owns 1,977,765 shares of the company’s stock valued at $6,724,000 after purchasing an additional 330,020 shares during the period. Aberdeen Group plc increased its stake in Community Health Systems by 141.2% during the 3rd quarter. Aberdeen Group plc now owns 1,429,780 shares of the company’s stock valued at $4,490,000 after purchasing an additional 837,068 shares in the last quarter. Nomura Holdings Inc. increased its stake in 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 purchasing an additional 1,494,378 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Community Health Systems by 20.0% during the second quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,500,000 shares of the company’s stock worth $5,100,000 after buying an additional 250,000 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.