Community Health Systems (NYSE:CYH) Lowered to Underweight Rating by Barclays

Barclays lowered shares of Community Health Systems (NYSE:CYH) from an equal weight rating to an underweight rating in a research report released on Wednesday morning, Marketbeat.com reports. Barclays currently has $3.00 target price on the stock.

Several other research analysts also recently commented on the company. Truist Financial reduced their price objective 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. Wall Street Zen downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research cut shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Weiss Ratings raised shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Community Health Systems has an average rating of “Reduce” and an average price target of $3.28.

Community Health Systems Trading Down 6.4%

NYSE:CYH opened at $3.58 on Wednesday. The company has a market capitalization of $503.79 million, a P/E ratio of 1.04 and a beta of 1.81. The business’s 50-day moving average is $3.02 and its 200 day moving average is $3.13. Community Health Systems has a 12 month low of $2.38 and a 12 month high of $4.43.

Community Health Systems (NYSE:CYH) last posted its earnings results on Tuesday, April 21st. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.89 billion. Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) earnings per share. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. On average, research analysts forecast that Community Health Systems will post -0.58 earnings per share for the current year.

Institutional Investors Weigh In On Community Health Systems

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Community Health Systems by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock valued at $202,000 after acquiring an additional 3,204 shares during the period. Lombard Odier Asset Management USA Corp boosted its stake in shares of Community Health Systems by 5.2% during the first quarter. Lombard Odier Asset Management USA Corp now owns 101,000 shares of the company’s stock worth $297,000 after buying an additional 5,000 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Community Health Systems by 16.1% during the third quarter. Raymond James Financial Inc. now owns 37,582 shares of the company’s stock worth $121,000 after buying an additional 5,202 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Community Health Systems by 67.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,269 shares of the company’s stock valued at $54,000 after acquiring an additional 6,971 shares during the period. Finally, Rhumbline Advisers raised its stake in Community Health Systems by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 206,497 shares of the company’s stock valued at $702,000 after acquiring an additional 7,549 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

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.