Community Health Systems, Inc. (NYSE:CYH – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.
Analysts Set New Price Targets
CYH has been the subject of several recent research reports. Zacks Research downgraded Community Health Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. UBS Group upped their target price on Community Health Systems from $3.60 to $3.70 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Weiss Ratings downgraded Community Health Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. Barclays reduced their price target 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. Finally, Wall Street Zen cut Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $3.28.
Check Out Our Latest Stock Report on Community Health Systems
Community Health Systems Stock Performance
Community Health Systems (NYSE:CYH – Get Free Report) last announced its earnings results on Tuesday, April 21st. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.30). Community Health Systems had a net margin of 3.78% and a negative return on equity of 7.62%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the business earned ($0.03) earnings per share. The firm’s revenue 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, analysts forecast that Community Health Systems, Inc. will post -0.58 EPS for the current fiscal year.
Hedge Funds Weigh In On Community Health Systems
Institutional investors and hedge funds have recently made changes to their positions in the business. Readystate Asset Management LP grew its position in shares of Community Health Systems by 24.8% during the first quarter. Readystate Asset Management LP now owns 361,497 shares of the company’s stock worth $1,063,000 after buying an additional 71,858 shares in the last quarter. Eversept Partners LP raised its holdings in Community Health Systems by 9.2% in the first quarter. Eversept Partners LP now owns 8,677,281 shares of the company’s stock valued at $25,511,000 after acquiring an additional 733,479 shares in the last quarter. Saba Capital Management L.P. boosted its stake in 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 valued at $3,769,000 after acquiring an additional 881,031 shares during the last quarter. Whitebox Advisors LLC grew its holdings in 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. increased its position in shares of Community Health Systems by 65.4% in 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 purchasing an additional 1,000,862 shares during the last quarter. 84.99% of the stock is currently 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.
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