Community Health Systems, Inc. (NYSE:CYH) Short Interest Update

Community Health Systems, Inc. (NYSE:CYH) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 8,030,000 shares, an increase of 8.7% from the November 15th total of 7,390,000 shares. Based on an average daily volume of 1,920,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 6.8% of the company’s stock are short sold.

Analyst Ratings Changes

Several research firms recently weighed in on CYH. StockNews.com cut Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Barclays boosted their price objective on Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Wells Fargo & Company lowered shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $5.00 to $2.50 in a research report on Monday, November 25th. 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. Finally, Raymond James downgraded shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Community Health Systems presently has an average rating of “Hold” and an average target price of $4.77.

Institutional Trading of Community Health Systems

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in Community Health Systems by 384.7% during the second quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock worth $715,000 after buying an additional 168,941 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Community Health Systems by 301.3% in the third quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company’s stock valued at $2,029,000 after purchasing an additional 250,909 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of Community Health Systems in the second quarter valued at about $789,000. Acadian Asset Management LLC purchased a new stake in shares of Community Health Systems in the second quarter valued at about $871,000. Finally, Marshall Wace LLP lifted its holdings in shares of Community Health Systems by 51.0% in the second quarter. Marshall Wace LLP now owns 942,303 shares of the company’s stock valued at $3,166,000 after purchasing an additional 318,333 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Stock Down 3.6 %

CYH stock traded down $0.12 on Tuesday, reaching $3.21. 4,244,376 shares of the company’s stock were exchanged, compared to its average volume of 1,942,616. Community Health Systems has a twelve month low of $2.51 and a twelve month high of $6.29. The stock has a fifty day moving average of $4.27 and a 200-day moving average of $4.49. The firm has a market cap of $446.02 million, a PE ratio of -1.10 and a beta of 1.55.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) 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 analysts’ expectations of $3.08 billion. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the business earned ($0.33) EPS. On average, equities research analysts predict that Community Health Systems will post -0.56 EPS for the current fiscal year.

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.