Investors purchased shares of Community Health Systems Inc. (NYSE:CYH) on weakness during trading hours on Wednesday. $12.58 million flowed into the stock on the tick-up and $8.14 million flowed out of the stock on the tick-down, for a money net flow of $4.44 million into the stock. Of all equities tracked, Community Health Systems had the 18th highest net in-flow for the day. Community Health Systems traded down ($0.59) for the day and closed at $10.17

A number of research firms have recently issued reports on CYH. Leerink Swann restated a “hold” rating on shares of Community Health Systems in a research note on Tuesday. Robert W. Baird restated a “neutral” rating and set a $12.00 target price on shares of Community Health Systems in a research note on Monday. Citigroup Inc. set a $14.00 target price on shares of Community Health Systems and gave the stock a “hold” rating in a research note on Monday. 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 research note on Monday. Finally, Susquehanna upgraded shares of Community Health Systems from a “neutral” rating to a “positive” rating and raised their target price for the stock from $10.78 to $18.00 in a research note on Wednesday, September 14th. Six research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Community Health Systems has a consensus rating of “Hold” and a consensus price target of $16.32.

The firm’s 50 day moving average price is $10.94 and its 200-day moving average price is $13.31. The company’s market cap is $1.13 billion.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/traders-buy-shares-of-community-health-systems-inc-cyh-on-weakness.html

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.47. The company earned $4.59 billion during the quarter, compared to the consensus estimate of $4.53 billion. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. Analysts anticipate that Community Health Systems Inc. will post $1.34 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Williams Jones & Associates LLC bought a new position in Community Health Systems during the second quarter valued at $491,000. Mason Street Advisors LLC bought a new position in Community Health Systems during the second quarter valued at $620,000. Schwab Charles Investment Management Inc. boosted 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 period. Bellwether Investment Group LLC bought a new position in Community Health Systems during the second quarter valued at $208,000. Finally, Stifel Financial Corp boosted 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 period. Institutional investors 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.

5 Day Chart for NYSE:CYH

Receive News & Ratings for Community Health Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.