Community Health Systems (NYSE:CYH) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Community Health Systems, Inc. (NYSE:CYH)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.18 and traded as high as $3.32. Community Health Systems shares last traded at $3.1950, with a volume of 951,841 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have commented on CYH shares. Wells Fargo & Company decreased their price objective on Community Health Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a research report on Wednesday, January 7th. Wall Street Zen cut shares of Community Health Systems from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Truist Financial set a $4.50 price objective on shares of Community Health Systems in a research note on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Community Health Systems in a research note on Monday, December 29th. Finally, UBS Group upped their price target 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 assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Community Health Systems has an average rating of “Hold” and an average price target of $3.60.

Community Health Systems Stock Performance

The company has a market cap of $442.57 million, a P/E ratio of 1.32 and a beta of 2.04. The firm has a 50 day moving average price of $3.29 and a 200-day moving average price of $3.18.

Community Health Systems (NYSE:CYH) last posted its earnings results on Thursday, October 23rd. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the company earned ($0.30) EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Community Health Systems has set its FY 2025 guidance at 0.800-0.900 EPS. On average, sell-side analysts forecast that Community Health Systems, Inc. will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Community Health Systems by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,987 shares of the company’s stock valued at $202,000 after acquiring an additional 3,204 shares during the period. Strs Ohio acquired a new position in shares of Community Health Systems during the 1st quarter worth about $289,000. Kapitalo Investimentos Ltda acquired a new stake in Community Health Systems in the 2nd quarter valued at approximately $41,000. CWM LLC increased its position in 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 buying an additional 6,266 shares during the period. Finally, Allianz Asset Management GmbH acquired a new position in shares of Community Health Systems during the second quarter worth approximately $909,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.