Community Health Systems, Inc. (NYSE:CYH) Given Average Recommendation of “Reduce” by Brokerages

Shares of Community Health Systems, Inc. (NYSE:CYH) have been given an average rating of “Reduce” by the seven research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $2.95.

A number of brokerages have recently issued reports on CYH. UBS Group cut their price target on Community Health Systems from $3.20 to $3.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Barclays dropped their price objective on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating on the stock in a research report on Thursday, July 23rd. Truist Financial cut their target price on Community Health Systems from $3.75 to $3.25 and set a “hold” rating on the stock in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Finally, Wall Street Zen lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th.

Community Health Systems Stock Performance

NYSE:CYH opened at $2.94 on Friday. The firm has a 50-day simple moving average of $3.13 and a 200-day simple moving average of $3.08. Community Health Systems has a one year low of $2.40 and a one year high of $4.43. The firm has a market cap of $413.86 million, a P/E ratio of 1.59 and a beta of 1.84.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.09). The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Community Health Systems had a net margin of 2.10% and a negative return on equity of 6.66%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) earnings per share. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. On average, research analysts predict that Community Health Systems will post -0.86 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director William Norris Jennings sold 40,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $2.96, for a total transaction of $118,400.00. Following the completion of the sale, the director owned 38,468 shares of the company’s stock, valued at $113,865.28. This represents a 50.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Community Health Systems

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in shares of Community Health Systems by 601.9% during the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock valued at $29,000 after purchasing an additional 7,963 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Community Health Systems during the 4th quarter worth $34,000. Valeo Financial Advisors LLC acquired a new position in Community Health Systems during the 4th quarter valued at about $39,000. Quarry LP purchased a new stake in Community Health Systems in the third quarter valued at about $39,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Community Health Systems in the first quarter worth about $40,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Company Profile

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.