Community Health Systems’ (CYH) “Hold” Rating Reiterated at Jefferies Group LLC
Community Health Systems, Inc. (NYSE:CYH)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group LLC in a note issued to investors on Thursday. They presently have a $7.00 target price on the stock. Jefferies Group LLC’s target price would suggest a potential upside of 21.32% from the company’s current price.
CYH has been the topic of a number of other reports. Piper Jaffray Companies restated a “sell” rating and set a $9.00 target price on shares of Community Health Systems in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. UBS AG restated a “neutral” rating and set a $8.00 target price (down from $10.00) on shares of Community Health Systems in a research report on Wednesday, August 23rd. Deutsche Bank AG cut their price target on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $7.00 price target on shares of Community Health Systems in a research report on Wednesday, October 4th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.56.
Shares of Community Health Systems (NYSE:CYH) traded down 3.99% during mid-day trading on Thursday, reaching $5.77. 6,577,497 shares of the company traded hands. The stock’s market capitalization is $645.87 million. The stock’s 50 day moving average is $7.25 and its 200 day moving average is $8.36. Community Health Systems has a 52-week low of $4.15 and a 52-week high of $10.67.
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 negative net margin of 3.63% and a positive return on equity of 0.07%. 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 company posted $0.09 earnings per share. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. On average, analysts anticipate that Community Health Systems will post ($0.37) earnings per share for the current year.
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In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the business’s stock in a transaction on Monday, August 14th. The stock was acquired at an average price of $7.27 per share, with a total value of $71,005,341.19. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. acquired a new stake in Community Health Systems during the 2nd quarter valued at $107,000. Shelton Capital Management acquired a new stake in Community Health Systems during the 2nd quarter valued at $110,000. Fox Run Management L.L.C. acquired a new stake in Community Health Systems during the 2nd quarter valued at $126,000. Nomura Asset Management Co. Ltd. lifted its holdings in Community Health Systems by 134.4% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 14,300 shares of the company’s stock valued at $127,000 after purchasing an additional 8,200 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Community Health Systems by 168.4% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 16,417 shares of the company’s stock valued at $146,000 after purchasing an additional 10,300 shares during the last quarter. 94.69% of the stock is owned by institutional investors and hedge funds.
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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