Community Health Systems (NYSE:CYH) Stock Price Up 5.2%

Community Health Systems, Inc. (NYSE:CYH) traded up 5.2% on Wednesday . The stock traded as high as $4.28 and last traded at $4.26. 1,009,780 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 1,842,629 shares. The stock had previously closed at $4.05.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial lifted their price objective on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a report on Monday, July 15th. Oppenheimer boosted their price objective on Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Community Health Systems currently has a consensus rating of “Hold” and an average price target of $4.25.

Community Health Systems Stock Performance

The company has a market capitalization of $707.36 million, a price-to-earnings ratio of -5.36 and a beta of 1.52. The business has a 50 day moving average price of $3.61 and a 200-day moving average price of $3.43.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.10 billion. Community Health Systems’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.22) earnings per share. As a group, equities analysts predict that Community Health Systems, Inc. will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Eagle Asset Management Inc. bought a new stake in Community Health Systems during the 4th quarter worth approximately $40,000. Regatta Capital Group LLC bought a new position in Community Health Systems during the fourth quarter valued at $53,000. Bison Wealth LLC bought a new position in Community Health Systems during the fourth quarter valued at $63,000. BOS Asset Management LLC purchased a new stake in shares of Community Health Systems during the first quarter worth $80,000. Finally, RPO LLC purchased a new stake in shares of Community Health Systems during the fourth quarter worth $75,000. 84.99% of the stock is owned by institutional investors and hedge funds.

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.