Community Health Systems (NYSE:CYH) Rating Increased to Hold at BMO Capital Markets

Community Health Systems (NYSE:CYH) was upgraded by equities researchers at BMO Capital Markets to a “hold” rating in a research note issued on Tuesday, Zacks reports.

CYH has been the topic of a number of other research reports. Royal Bank Of Canada lowered their target price on Community Health Systems from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Barclays decreased their price target 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. Weiss Ratings upgraded Community Health Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 16th. UBS Group cut their target price on shares of Community Health Systems from $3.20 to $3.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Finally, Wall Street Zen cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $2.96.

Community Health Systems Price Performance

NYSE CYH opened at $3.02 on Tuesday. Community Health Systems has a 1 year low of $2.40 and a 1 year high of $4.43. The company has a market capitalization of $425.42 million, a PE ratio of 1.63 and a beta of 1.86. The company has a fifty day moving average of $2.94 and a 200 day moving average of $3.01.

Community Health Systems (NYSE:CYH) last announced its quarterly 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). The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.89 billion. Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%.Community Health Systems’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) earnings per share. Community Health Systems has set its FY 2026 guidance at -1.250–1.100 EPS. Research analysts expect that Community Health Systems will post -0.86 earnings per share for the current year.

Insider Activity at Community Health Systems

In other news, Director William Jennings sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $2.96, for a total value of $118,400.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

About Community Health Systems

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.