Community Health Systems, Inc. (NYSE:CYH) – Equities research analysts at Leerink Swann cut their Q3 2017 earnings estimates for Community Health Systems in a report released on Monday. Leerink Swann analyst A. Gupte now expects that the company will post earnings per share of ($0.25) for the quarter, down from their previous forecast of ($0.11). Leerink Swann also issued estimates for Community Health Systems’ Q4 2017 earnings at $0.12 EPS, FY2017 earnings at ($0.30) EPS, FY2018 earnings at $0.12 EPS and FY2019 earnings at $0.46 EPS.

Community Health Systems (NYSE:CYH) last posted 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 for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis.

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Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, July 11th. BidaskClub raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Piper Jaffray Companies reissued a “sell” rating and set a $9.00 price objective on shares of Community Health Systems in a research report on Wednesday, July 26th. ValuEngine raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research report on Tuesday, September 5th. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.52.

Shares of Community Health Systems (NYSE CYH) opened at 5.98 on Thursday. The firm’s market capitalization is $669.37 million. The stock’s 50 day moving average is $7.13 and its 200 day moving average is $8.30. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $10.67.

In other news, major shareholder Tian Qiao Chen bought 9,766,897 shares of Community Health Systems stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $7.27 per share, for a total transaction of $71,005,341.19. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.70% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in CYH. BlackRock Inc. lifted its stake in shares of Community Health Systems by 38,765.3% in the 1st quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock worth $130,263,000 after acquiring an additional 14,647,864 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Community Health Systems by 131.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,957,164 shares of the company’s stock worth $49,374,000 after acquiring an additional 2,819,955 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Community Health Systems in the 2nd quarter worth $14,946,000. Vanguard Group Inc. lifted its stake in shares of Community Health Systems by 15.2% in the 1st quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock worth $88,288,000 after acquiring an additional 1,312,513 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Community Health Systems by 440.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,376,762 shares of the company’s stock worth $12,212,000 after acquiring an additional 1,122,027 shares during the period. Institutional investors own 94.69% of the company’s stock.

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.

Earnings History and Estimates for Community Health Systems (NYSE:CYH)

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