Community Health Systems (NYSE:CYH) Shares Cross Above 200-Day Moving Average – What’s Next?

Community Health Systems, Inc. (NYSE:CYH)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.20 and traded as high as $3.29. Community Health Systems shares last traded at $3.2150, with a volume of 905,857 shares.

Wall Street Analyst Weigh In

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

Community Health Systems Trading Down 0.3%

The company has a 50-day simple moving average of $3.44 and a 200 day simple moving average of $3.20. The company has a market cap of $444.65 million, a P/E ratio of 1.33 and a beta of 2.00.

Community Health Systems (NYSE:CYH) last issued its 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. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3 billion. Community Health Systems had a net margin of 2.60% and a negative return on equity of 6.90%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.30) earnings per share. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. On average, equities analysts forecast that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new position in Community Health Systems in the third quarter worth approximately $32,000. CWM LLC raised its position in shares of Community Health Systems by 133.1% in the 2nd quarter. CWM LLC now owns 10,974 shares of the company’s stock worth $37,000 after acquiring an additional 6,266 shares in the last quarter. Quarry LP purchased a new stake in shares of Community Health Systems during the 3rd quarter worth $39,000. Savvy Advisors Inc. bought a new stake in Community Health Systems during the second quarter valued at about $40,000. Finally, R Squared Ltd purchased a new position in Community Health Systems in the third quarter valued at about $40,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

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.