Community Health Systems, Inc. (NYSE:CYH) has earned a consensus rating of “Hold” from the twenty-one analysts that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $7.29.

Several analysts recently commented on CYH shares. Zacks Investment Research upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. 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. Mizuho reiterated a “neutral” rating and issued a $7.00 target price (down previously from $7.50) on shares of Community Health Systems in a research report on Wednesday, August 2nd. ValuEngine lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, BidaskClub upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th.

In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost 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 is available at this link. Company insiders own 4.70% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Marshall Wace North America L.P. purchased a new position in Community Health Systems during the second quarter worth about $2,628,000. BNP Paribas Arbitrage SA raised its stake in Community Health Systems by 101.9% during the second quarter. BNP Paribas Arbitrage SA now owns 59,039 shares of the company’s stock worth $588,000 after purchasing an additional 29,794 shares during the period. HighTower Advisors LLC purchased a new position in Community Health Systems during the first quarter worth about $152,000. Alps Advisors Inc. purchased a new position in Community Health Systems during the second quarter worth about $107,000. Finally, Phoenix Investment Adviser LLC purchased a new position in Community Health Systems during the second quarter worth about $886,000. 94.28% of the stock is currently owned by institutional investors.

Community Health Systems (NYSE:CYH) opened at 6.33 on Wednesday. The company’s 50 day moving average is $7.01 and its 200-day moving average is $8.22. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $10.51. The stock’s market cap is $708.55 million.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results 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). The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.14 billion. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 EPS. Equities research analysts forecast that Community Health Systems will post ($0.37) earnings per share for the current fiscal year.

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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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