Community Health Systems, Inc. (NYSE:CYH) Short Interest Down 5.8% in January

Community Health Systems, Inc. (NYSE:CYH) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 12,900,000 shares, a decline of 5.8% from the January 15th total of 13,700,000 shares. Approximately 10.9% of the shares of the stock are sold short. Based on an average trading volume of 2,580,000 shares, the days-to-cover ratio is currently 5.0 days.

Analysts Set New Price Targets

A number of research firms have commented on CYH. Wells Fargo & Company downgraded shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $5.00 to $2.50 in a report on Monday, November 25th. Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. StockNews.com cut Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Truist Financial lowered their price target on shares of Community Health Systems from $5.00 to $3.50 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, Barclays raised their price objective on shares of Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.52.

Community Health Systems Trading Down 1.0 %

Shares of NYSE:CYH opened at $3.35 on Wednesday. The business has a 50-day moving average price of $3.21 and a 200 day moving average price of $4.29. Community Health Systems has a 12-month low of $2.51 and a 12-month high of $6.29. The company has a market capitalization of $464.79 million, a price-to-earnings ratio of -1.11 and a beta of 1.63.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.51). As a group, equities research analysts predict that Community Health Systems will post -0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Health Systems

A number of institutional investors have recently modified their holdings of the company. Signaturefd LLC purchased a new position in Community Health Systems during the 3rd quarter valued at about $33,000. Tower Research Capital LLC TRC boosted its stake in shares of Community Health Systems by 250.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,023 shares of the company’s stock valued at $27,000 after purchasing an additional 6,445 shares during the period. Two Sigma Securities LLC purchased a new stake in Community Health Systems during the 4th quarter worth approximately $33,000. Cibc World Markets Corp acquired a new stake in Community Health Systems during the 4th quarter worth approximately $35,000. Finally, CWM LLC boosted its position in Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after buying an additional 2,961 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems 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.