Community Health Systems (NYSE:CYH) Stock Rating Lowered by Raymond James

Raymond James downgraded shares of Community Health Systems (NYSE:CYH) from a market perform rating to an underperform rating in a report published on Friday morning, Marketbeat Ratings reports.

A number of other research firms have also recently issued reports on CYH. Wells Fargo & Company increased their price target on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 target price on shares of Community Health Systems in a research note on Monday, August 12th. Truist Financial decreased their price target on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Barclays increased their price objective on shares of Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, UBS Group boosted their target price on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.18.

Community Health Systems Trading Down 2.1 %

Shares of CYH stock opened at $3.67 on Friday. Community Health Systems has a one year low of $2.31 and a one year high of $6.29. The business’s 50 day simple moving average is $5.02 and its 200 day simple moving average is $4.49.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the firm posted ($0.33) EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Community Health Systems will post -0.52 EPS for the current year.

Institutional Trading of Community Health Systems

Several institutional investors and hedge funds have recently modified their holdings of CYH. Barclays PLC increased its stake in Community Health Systems by 1,278.2% in the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock valued at $4,296,000 after buying an additional 656,447 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Community Health Systems in the third quarter worth $500,000. Algert Global LLC grew its stake in Community Health Systems by 39.5% in the 3rd quarter. Algert Global LLC now owns 158,587 shares of the company’s stock valued at $963,000 after purchasing an additional 44,944 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Community Health Systems during the 3rd quarter valued at $207,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Community Health Systems by 522.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 264,198 shares of the company’s stock worth $1,604,000 after purchasing an additional 221,759 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

About Community Health Systems

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.