By otakuyassine3@gmail.com 
Community Health Systems, Inc. (NYSE:CYH – Get Free Report) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 8,030,000 shares, a growth of 8.7% from the November 15th total of 7,390,000 shares. Based on an average trading volume of 1,920,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 6.8% of the shares of the company are short sold.
Community Health Systems Trading Down 2.7 %
Shares of Community Health Systems stock traded down $0.09 during trading on Tuesday, hitting $3.24. 1,302,186 shares of the stock traded hands, compared to its average volume of 1,936,876. The firm has a market cap of $450.19 million, a P/E ratio of -1.10 and a beta of 1.55. Community Health Systems has a 52-week low of $2.51 and a 52-week high of $6.29. The stock’s fifty day simple moving average is $4.27 and its 200 day simple moving average is $4.49.
Community Health Systems (NYSE:CYH – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. Community Health Systems’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities analysts expect that Community Health Systems will post -0.56 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Wells Fargo & Company downgraded Community Health Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $5.00 to $2.50 in a research note on Monday, November 25th. Raymond James downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday, November 22nd. StockNews.com downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Barclays increased their target price on Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, Truist Financial lowered their target price on Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Community Health Systems presently has an average rating of “Hold” and a consensus price target of $4.77.
Check Out Our Latest Stock Report on CYH
Institutional Investors Weigh In On Community Health Systems
A number of institutional investors have recently added to or reduced their stakes in CYH. Whitebox Advisors LLC boosted its holdings in Community Health Systems by 43.3% in the second quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock worth $10,150,000 after acquiring an additional 913,542 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Community Health Systems by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,748,786 shares of the company’s stock worth $5,875,000 after purchasing an additional 43,145 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Community Health Systems by 6.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,616,212 shares of the company’s stock worth $9,810,000 after purchasing an additional 91,985 shares during the period. Bank of Montreal Can acquired a new stake in shares of Community Health Systems during the second quarter worth about $3,692,000. Finally, Marshall Wace LLP lifted its holdings in shares of Community Health Systems by 51.0% during the second quarter. Marshall Wace LLP now owns 942,303 shares of the company’s stock worth $3,166,000 after purchasing an additional 318,333 shares during the period. Institutional investors own 84.99% of the company’s stock.
About Community Health Systems
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.
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