Community Health Systems, Inc. (CYH) Stock Rating Reaffirmed by Mizuho
Community Health Systems, Inc. (NYSE:CYH)‘s stock had its “hold” rating restated by stock analysts at Mizuho in a research note issued on Thursday. They presently have a $7.00 price target on the stock. Mizuho’s price objective points to a potential upside of 16.47% from the company’s previous close.
CYH has been the subject of a number of other research reports. ValuEngine upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research report on Friday, August 4th. UBS AG reiterated a “neutral” rating and issued a $8.00 target price (down previously from $10.00) on shares of Community Health Systems in a research report on Wednesday, August 23rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research report on Sunday, July 30th. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $7.56.
Shares of Community Health Systems (NYSE:CYH) traded down 3.06% during mid-day trading on Thursday, hitting $6.01. 4,681,627 shares of the stock traded hands. The stock has a 50-day moving average of $7.35 and a 200-day moving average of $8.41. Community Health Systems has a 52 week low of $4.15 and a 52 week high of $10.70. The company’s market cap is $672.73 million.
Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company earned $0.09 EPS. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. Analysts anticipate that Community Health Systems will post ($0.35) EPS for the current year.
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In other news, major shareholder Tian Qiao Chen bought 9,766,897 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of $7.27 per share, for a total transaction of $71,005,341.19. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.70% of the company’s stock.
A number of large investors have recently bought and sold shares of CYH. Alps Advisors Inc. acquired a new position in Community Health Systems in the 2nd quarter valued at $107,000. Shelton Capital Management acquired a new position in Community Health Systems in the 2nd quarter valued at $110,000. Fox Run Management L.L.C. acquired a new position in Community Health Systems in the 2nd quarter valued at $126,000. Nomura Asset Management Co. Ltd. grew its stake in Community Health Systems by 134.4% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 14,300 shares of the company’s stock valued at $127,000 after buying an additional 8,200 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Community Health Systems by 168.4% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 16,417 shares of the company’s stock valued at $146,000 after buying an additional 10,300 shares during the last quarter. Institutional investors and hedge funds own 94.69% of the company’s stock.
Community Health Systems Company Profile
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.
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