Community Health Systems (NYSE:CYH) Lowered to Sell Rating by Wall Street Zen

Community Health Systems (NYSE:CYH) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued research reports about the company. Truist Financial upped their target price on Community Health Systems from $3.00 to $3.75 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings raised shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. UBS Group set a $3.00 price objective on shares of Community Health Systems in a report on Friday. Barclays lowered their target price on shares of Community Health Systems from $3.00 to $2.50 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Zacks Research lowered shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $2.81.

Community Health Systems Trading Down 3.1%

Shares of NYSE:CYH opened at $2.69 on Friday. Community Health Systems has a 1 year low of $2.38 and a 1 year high of $4.43. The firm has a fifty day moving average price of $3.11 and a 200 day moving average price of $3.13. The stock has a market capitalization of $379.77 million, a PE ratio of 1.46 and a beta of 1.81.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.89 billion. Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%.Community Health Systems’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. On average, sell-side analysts forecast that Community Health Systems will post -0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

Several hedge funds have recently modified their holdings of CYH. Assenagon Asset Management S.A. boosted its holdings in Community Health Systems by 53.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,110,655 shares of the company’s stock valued at $3,465,000 after purchasing an additional 388,116 shares during the period. Aberdeen Group plc increased its holdings in shares of Community Health Systems by 23.9% during the 4th quarter. Aberdeen Group plc now owns 1,772,139 shares of the company’s stock worth $5,529,000 after purchasing an additional 342,359 shares during the period. Eversept Partners LP raised its position in shares of Community Health Systems by 14.3% during the fourth quarter. Eversept Partners LP now owns 7,943,802 shares of the company’s stock valued at $24,785,000 after buying an additional 993,751 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Community Health Systems in the fourth quarter valued at about $35,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Community Health Systems during the fourth quarter worth about $311,000. 84.99% of the stock is owned by 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.