Community Health Systems, Inc. (NYSE:CYH)‘s stock had its “neutral” rating restated by analysts at Cantor Fitzgerald in a report issued on Wednesday. They currently have a $7.00 price objective on the stock, down from their prior price objective of $8.00. Cantor Fitzgerald’s target price suggests a potential upside of 1.74% from the stock’s previous close.

Several other analysts have also commented on the stock. BidaskClub lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating and issued a $7.00 price objective on shares of Community Health Systems in a report on Friday, August 4th. Deutsche Bank AG lowered their price objective on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. Piper Jaffray Companies restated a “sell” rating and issued a $6.00 price objective on shares of Community Health Systems in a report on Thursday, August 3rd. Finally, Mizuho restated a “neutral” rating and issued a $7.00 price objective (down from $7.50) on shares of Community Health Systems in a report on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.96.

Shares of Community Health Systems (NYSE:CYH) opened at 6.87 on Wednesday. The company has a 50-day moving average price of $8.39 and a 200-day moving average price of $8.67. The company’s market capitalization is $768.99 million. Community Health Systems has a 12 month low of $4.15 and a 12 month high of $13.28.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.31. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter last year, the business earned $0.09 earnings per share. The business’s quarterly revenue was down 9.7% on a year-over-year basis. On average, equities analysts anticipate that Community Health Systems will post ($0.32) EPS for the current year.

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In other news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of Community Health Systems stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of $7.27 per share, with a total value of $71,005,341.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.60% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in shares of Community Health Systems by 20.9% in the third quarter. PNC Financial Services Group Inc. now owns 8,738 shares of the company’s stock valued at $101,000 after buying an additional 1,510 shares during the period. Alps Advisors Inc. purchased a new stake in shares of Community Health Systems during the second quarter valued at $107,000. World Asset Management Inc increased its stake in shares of Community Health Systems by 3.2% in the first quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock valued at $110,000 after buying an additional 387 shares during the period. Shelton Capital Management purchased a new stake in shares of Community Health Systems during the second quarter valued at $110,000. Finally, State of Alaska Department of Revenue increased its stake in shares of Community Health Systems by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 12,570 shares of the company’s stock valued at $111,000 after buying an additional 270 shares during the period. 95.64% of the stock is owned by institutional investors.

About Community Health Systems

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

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