Community Health Systems (NYSE:CYH) Shares Gap Down After Analyst Downgrade

Community Health Systems, Inc. (NYSE:CYH) gapped down prior to trading on Wednesday after Barclays downgraded the stock from an equal weight rating to an underweight rating. The stock had previously closed at $3.82, but opened at $3.53. Barclays now has a $3.00 price target on the stock. Community Health Systems shares last traded at $3.6250, with a volume of 161,870 shares trading hands.

Other research analysts have also issued research reports about the company. Zacks Research lowered Community Health Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Wall Street Zen lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Truist Financial decreased their target price on shares of Community Health Systems from $3.50 to $3.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Finally, Weiss Ratings raised shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Community Health Systems currently has a consensus rating of “Reduce” and a consensus target price of $3.28.

Institutional Trading of Community Health Systems

Several institutional investors and hedge funds have recently made changes to their positions in CYH. Royal Bank of Canada increased its stake in Community Health Systems by 601.9% in the fourth quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock valued at $29,000 after acquiring an additional 7,963 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Community Health Systems in the 4th quarter worth approximately $34,000. Wealthcare Advisory Partners LLC purchased a new stake in Community Health Systems in the fourth quarter worth approximately $35,000. Quarry LP bought a new position in Community Health Systems during the third quarter valued at approximately $39,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Community Health Systems during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Trading Down 7.5%

The stock has a market capitalization of $498.15 million, a P/E ratio of 1.05 and a beta of 1.81. The stock’s fifty day moving average price is $3.01 and its two-hundred day moving average price is $3.13.

Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, April 21st. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.30). Community Health Systems had a net margin of 3.78% and a negative return on equity of 7.62%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the business posted ($0.03) EPS. Community Health Systems’s revenue for the quarter was down 6.1% on a year-over-year basis. Community Health Systems has set its FY 2026 guidance at -0.600-0.000 EPS. As a group, analysts expect that Community Health Systems, Inc. will post -0.58 earnings per share for the current fiscal year.

About Community Health Systems

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.