Community Health Systems, Inc. (NYSE:CYH)‘s stock had its “hold” rating restated by stock analysts at KeyCorp in a research note issued to investors on Thursday.

A number of other brokerages also recently weighed in on CYH. Zacks Investment Research upgraded Community Health Systems from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Jefferies Group LLC reiterated a “hold” rating and set a $7.00 price target on shares of Community Health Systems in a report on Sunday, July 30th. Mizuho reiterated a “neutral” rating and set a $7.00 price target (down from $7.50) on shares of Community Health Systems in a report on Wednesday, August 2nd. BidaskClub upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Robert W. Baird restated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Friday, September 1st. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. Community Health Systems has an average rating of “Hold” and an average target price of $7.84.

Shares of Community Health Systems (CYH) traded up 0.71% during midday trading on Thursday, hitting $7.13. The company had a trading volume of 1,970,979 shares. Community Health Systems has a one year low of $4.15 and a one year high of $13.28. The stock’s 50-day moving average price is $7.40 and its 200-day moving average price is $8.75. The stock’s market capitalization is $798.10 million.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the business posted $0.09 earnings per share. The business’s revenue was down 9.7% on a year-over-year basis. Analysts predict that Community Health Systems will post ($0.31) EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/09/08/community-health-systems-cyh-hold-rating-reiterated-at-keycorp.html.

In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired 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 SEC, which is accessible through this link. 4.70% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of CYH. BlackRock Inc. lifted its position in shares of Community Health Systems by 38,765.3% during the 1st quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock worth $130,263,000 after buying an additional 14,647,864 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Community Health Systems by 131.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,957,164 shares of the company’s stock worth $49,374,000 after buying an additional 2,819,955 shares in the last quarter. Laurion Capital Management LP lifted its position in shares of Community Health Systems by 101.3% during the 1st quarter. Laurion Capital Management LP now owns 22,528 shares of the company’s stock worth $200,000 after buying an additional 1,771,843 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Community Health Systems during the 2nd quarter worth approximately $14,946,000. Finally, Vanguard Group Inc. lifted its position in shares of Community Health Systems by 15.2% during the 1st quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock worth $88,288,000 after buying an additional 1,312,513 shares in the last quarter. 94.71% of the stock is currently owned by hedge funds and other 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)

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.