Community Health Systems (NYSE:CYH) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Community Health Systems, Inc. (NYSE:CYH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.13 and traded as high as $3.18. Community Health Systems shares last traded at $3.1450, with a volume of 1,081,124 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays lowered their price objective on Community Health Systems from $3.50 to $3.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. UBS Group boosted their price target on Community Health Systems from $3.60 to $3.70 and gave the stock a “neutral” rating in a report on Friday, February 20th. Weiss Ratings cut Community Health Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. Wall Street Zen cut Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Truist Financial lowered their price target on Community Health Systems from $3.50 to $3.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Community Health Systems currently has an average rating of “Reduce” and an average target price of $3.28.

Community Health Systems Stock Performance

The stock has a fifty day moving average of $2.90 and a 200 day moving average of $3.13. The company has a market capitalization of $443.19 million, a PE ratio of 0.92 and a beta of 1.86.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, April 21st. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30). Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the firm posted ($0.03) earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. As a group, equities analysts predict that Community Health Systems, Inc. will post -0.58 EPS for the current year.

Institutional Trading of Community Health Systems

Several hedge funds have recently modified their holdings of the company. Readystate Asset Management LP raised its holdings in shares of Community Health Systems by 24.8% during the 1st quarter. Readystate Asset Management LP now owns 361,497 shares of the company’s stock worth $1,063,000 after acquiring an additional 71,858 shares in the last quarter. Eversept Partners LP raised its holdings in shares of Community Health Systems by 9.2% during the 1st quarter. Eversept Partners LP now owns 8,677,281 shares of the company’s stock worth $25,511,000 after acquiring an additional 733,479 shares in the last quarter. Saba Capital Management L.P. raised its holdings in shares of Community Health Systems by 219.8% during the 1st quarter. Saba Capital Management L.P. now owns 1,281,839 shares of the company’s stock worth $3,769,000 after acquiring an additional 881,031 shares in the last quarter. Whitebox Advisors LLC raised its holdings in shares of Community Health Systems by 42.1% during the 1st quarter. Whitebox Advisors LLC now owns 3,127,884 shares of the company’s stock worth $9,196,000 after acquiring an additional 926,364 shares in the last quarter. Finally, Owl Creek Asset Management L.P. raised its holdings in shares of Community Health Systems by 65.4% during the 1st quarter. Owl Creek Asset Management L.P. now owns 2,530,622 shares of the company’s stock worth $7,440,000 after acquiring an additional 1,000,862 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

About Community Health Systems

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.