Analysts Set Community Health Systems, Inc. (NYSE:CYH) PT at $2.95

Shares of Community Health Systems, Inc. (NYSE:CYH) have been given a consensus recommendation of “Reduce” by the seven analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $2.95.

CYH has been the topic of a number of analyst reports. UBS Group lowered their price objective 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. Royal Bank Of Canada reduced their price target on Community Health Systems from $5.00 to $4.00 and set an “outperform” rating for the company in a report on Monday, July 27th. Weiss Ratings upgraded Community Health Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Wall Street Zen lowered Community Health Systems from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Barclays reduced their target price on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Thursday, July 23rd.

Insider Activity

In related news, Director William Jennings sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $2.96, for a total value of $118,400.00. Following the completion of the sale, the director owned 38,468 shares in the company, valued at $113,865.28. This trade represents a 50.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CYH. Sequoia Financial Advisors LLC acquired a new stake in shares of Community Health Systems in the 2nd quarter worth approximately $64,000. Readystate Asset Management LP raised its holdings in Community Health Systems by 37.3% during the second quarter. Readystate Asset Management LP now owns 496,326 shares of the company’s stock worth $1,658,000 after purchasing an additional 134,829 shares during the last quarter. Apollo Management Holdings L.P. boosted its position in Community Health Systems by 3.2% during the second quarter. Apollo Management Holdings L.P. now owns 11,859,526 shares of the company’s stock worth $39,611,000 after purchasing an additional 370,210 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Community Health Systems in the second quarter valued at $2,481,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Community Health Systems in the second quarter valued at $129,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Stock Performance

Shares of CYH opened at $2.85 on Thursday. The stock has a market capitalization of $402.58 million, a P/E ratio of 1.54 and a beta of 1.86. Community Health Systems has a 1 year low of $2.40 and a 1 year high of $4.43. The company’s fifty day moving average is $2.96 and its two-hundred day moving average is $3.03.

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

Community Health Systems Company Profile

Community Health Systems, Inc (NYSE: CYH) is a healthcare services company that owns, leases, or operates general acute-care hospitals and related healthcare facilities in communities across the United States. The company focuses primarily on serving non-urban and rural markets, providing access to hospital-based and outpatient care.

Its services generally include emergency care, inpatient and outpatient surgery, diagnostic imaging, laboratory services, cardiology, orthopedics, women’s health, rehabilitation, behavioral health, and other medical services.