Community Health Systems (NYSE:CYH) Trading Up 6.9%

Shares of Community Health Systems, Inc. (NYSE:CYH) shot up 6.9% on Monday . The company traded as high as $5.41 and last traded at $5.41. 1,175,379 shares traded hands during trading, a decline of 37% from the average session volume of 1,856,244 shares. The stock had previously closed at $5.06.

Wall Street Analyst Weigh In

CYH has been the subject of a number of analyst reports. Truist Financial lifted their price target on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a research note on Monday, July 15th. Oppenheimer upped their price target on Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Wells Fargo & Company lifted their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. UBS Group raised their price target on shares of Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of Community Health Systems in a research report on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Community Health Systems presently has a consensus rating of “Hold” and an average target price of $4.73.

Community Health Systems Price Performance

The company has a market cap of $751.11 million, a PE ratio of -5.71 and a beta of 1.52. The firm’s 50 day moving average is $4.15 and its 200 day moving average is $3.62.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results 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 analysts’ expectations of $3.10 billion. During the same period in the previous year, the business posted ($0.22) EPS. The company’s revenue was up .8% on a year-over-year basis. As a group, analysts anticipate that Community Health Systems, Inc. will post -0.41 EPS for the current year.

Institutional Trading of Community Health Systems

Several hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in shares of Community Health Systems during the second quarter valued at about $25,000. DekaBank Deutsche Girozentrale bought a new position in Community Health Systems during the 2nd quarter valued at approximately $33,000. Eagle Asset Management Inc. purchased a new stake in Community Health Systems in the 4th quarter worth approximately $40,000. Canada Pension Plan Investment Board bought a new stake in shares of Community Health Systems in the 2nd quarter worth approximately $45,000. Finally, RPO LLC bought a new position in shares of Community Health Systems during the fourth quarter valued at approximately $75,000. 84.99% of the stock is owned by 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.