Community Health Systems (NYSE:CYH) Trading Up 7.3% – Time to Buy?

Community Health Systems, Inc. (NYSE:CYH) shot up 7.3% on Monday . The company traded as high as $3.83 and last traded at $3.7140. 3,537,266 shares were traded during trading, an increase of 38% from the average session volume of 2,564,974 shares. The stock had previously closed at $3.46.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CYH. Wells Fargo & Company boosted their price objective on shares of Community Health Systems from $2.50 to $3.00 and gave the company an “underweight” rating in a report on Tuesday, October 7th. UBS Group boosted their price target on shares of Community Health Systems from $3.20 to $3.60 and gave the company a “neutral” rating in a research note on Monday, October 27th. Wall Street Zen cut shares of Community Health Systems from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Community Health Systems in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.73.

Community Health Systems Stock Down 1.8%

The stock has a market capitalization of $491.05 million, a PE ratio of 1.46 and a beta of 2.00. The stock has a fifty day moving average of $3.37 and a 200-day moving average of $3.25.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $1.57. Community Health Systems had a negative return on equity of 6.90% and a net margin of 2.60%.The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the company earned ($0.30) EPS. Community Health Systems’s revenue for the quarter was down .1% compared to the same quarter last year. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. Equities research analysts expect that Community Health Systems, Inc. will post -0.29 EPS for the current year.

Hedge Funds Weigh In On Community Health Systems

A number of institutional investors and hedge funds have recently modified their holdings of CYH. Vanguard Group Inc. raised its stake in Community Health Systems by 0.6% in the third quarter. Vanguard Group Inc. now owns 8,553,686 shares of the company’s stock valued at $27,457,000 after buying an additional 50,576 shares in the last quarter. Apollo Management Holdings L.P. lifted its stake in Community Health Systems by 14.0% during the first quarter. Apollo Management Holdings L.P. now owns 7,628,576 shares of the company’s stock worth $20,597,000 after purchasing an additional 938,835 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in Community Health Systems by 4.3% in the third quarter. Nomura Holdings Inc. now owns 7,585,919 shares of the company’s stock valued at $24,351,000 after purchasing an additional 314,840 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Community Health Systems by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,936,764 shares of the company’s stock worth $9,987,000 after buying an additional 54,202 shares during the last quarter. Finally, Penn Capital Management Company LLC boosted its holdings in shares of Community Health Systems by 8.6% in the 1st quarter. Penn Capital Management Company LLC now owns 2,576,479 shares of the company’s stock valued at $6,964,000 after buying an additional 204,199 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.