In yesterday’s Wall Street session, Community Health Systems Inc. (NYSE:CYH) shares traded at $4.40, up 0.23% from the previous session.
11 analysts cover Community Health Systems Inc. (NYSE:CYH), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $13.75 and a low of $4.00, we find $5.88. Given the previous closing price of $4.39, this indicates a potential upside of 33.94 percent. CYH stock price is now 9.06% away from the 50-day moving average and 2.67% away from the 200-day moving average. The market capitalization of the company currently stands at $608.70M.
The stock has received a hold rating from 7 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $6.49 as their price target over the next twelve months.
With the price target of $5, Loop Capital recently initiated with Hold rating for Community Health Systems Inc. (NYSE: CYH).
Insiders disposed of 440,289 shares of company stock worth roughly $1.94 million over the past 1 year. A total of 3.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CYH stock. A new stake in Community Health Systems Inc. shares was purchased by VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $2,411,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $1,181,000 in shares of CYH during the first quarter. In the first quarter, DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in Community Health Systems Inc. valued at approximately $856,000. CAPTRUST FINANCIAL ADVISORS acquired a new stake in CYH for approximately $769,000. WELLINGTON MANAGEMENT GROUP LLP purchased a new stake in CYH valued at around $555,000 in the second quarter. In total, there are 264 active investors with 82.50% ownership of the company’s stock.
On Tuesday morning Community Health Systems Inc. (NYSE: CYH) stock kicked off with the opening price of $4.3900. During the past 12 months, Community Health Systems Inc. has had a low of $1.88 and a high of $8.01. The fifty day moving average price for CYH is $4.0514 and a two-hundred day moving average price translates $4.2969 for the stock.
The latest earnings results from Community Health Systems Inc. (NYSE: CYH) was released for Mar, 2023. According to the Medical Care Facilities Company, earnings per share came in at -$0.43, missing analysts’ expectations of -$0.16 by -0.27. This compares to $0.23 EPS in the same period last year. The net profit margin was 0.00% and return on equity was 0.30% for CYH. The company reported revenue of $3.11 billion for the quarter, compared to $3.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.1 percent. For the current quarter, analysts expect CYH to generate $3.04B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/28/2012. Investors who held shares on 12/17/2012 were paid a $0.25 dividend.
Community Health Systems Inc.(CYH) Company Profile
Community Health Systems, Inc. owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services. The company also provides outpatient services at primary care practices, urgent care centers, free-standing emergency departments, ambulatory surgery centers, imaging and diagnostic centers, and direct-to-consumer virtual health visits. As of December 31, 2021, it owned or leased 80 affiliated hospitals with an aggregate of 12,832 licensed beds. The company was founded in 1985 and is headquartered in Franklin, Tennessee.
