Community Health Systems Inc. (CYH) Stock Rating Reaffirmed by Leerink Swann
Community Health Systems Inc. (NYSE:CYH)‘s stock had its “hold” rating reissued by investment analysts at Leerink Swann in a note issued to investors on Tuesday.
Several other research analysts have also recently issued reports on CYH. Barclays PLC cut their price target on shares of Community Health Systems from $32.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, June 1st. Raymond James Financial Inc. cut shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Wednesday, June 1st. Vetr cut shares of Community Health Systems from a “strong-buy” rating to a “hold” rating and set a $12.50 target price for the company. in a report on Monday. Jefferies Group reaffirmed a “hold” rating on shares of Community Health Systems in a report on Wednesday, August 10th. Finally, Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, August 8th. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $16.32.
Community Health Systems (NYSE:CYH) traded down 6.13% on Tuesday, reaching $10.10. The company had a trading volume of 3,291,014 shares. Community Health Systems has a 52-week low of $9.66 and a 52-week high of $40.55. The stock’s market capitalization is $1.12 billion. The stock has a 50 day moving average price of $11.00 and a 200 day moving average price of $13.33.
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Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.47. The firm had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. Community Health Systems’s quarterly revenue was down 6.0% compared to the same quarter last year. Analysts expect that Community Health Systems will post $1.34 EPS for the current year.
Several institutional investors have recently bought and sold shares of CYH. Williams Jones & Associates LLC acquired a new position in Community Health Systems during the second quarter valued at $491,000. Mason Street Advisors LLC acquired a new position in Community Health Systems during the second quarter valued at $620,000. Schwab Charles Investment Management Inc. raised its position in Community Health Systems by 70.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 518,666 shares of the company’s stock valued at $6,250,000 after buying an additional 214,668 shares during the last quarter. Bellwether Investment Group LLC acquired a new position in Community Health Systems during the second quarter valued at $208,000. Finally, Stifel Financial Corp raised its position in Community Health Systems by 22.2% in the second quarter. Stifel Financial Corp now owns 12,742 shares of the company’s stock valued at $154,000 after buying an additional 2,315 shares during the last quarter. Institutional investors and hedge funds own 96.57% of the company’s stock.
Community Health Systems Company Profile
Community Health Systems, Inc is an operator of general acute care hospitals in communities. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Company operates through two segments: hospital operations and home care agencies operations.
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