Community Health Systems, Inc. (CYH) Rating Increased to Hold at ValuEngine
Community Health Systems, Inc. (NYSE:CYH) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered 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 note on Friday, August 4th. UBS AG reiterated a “neutral” rating and issued a $8.00 target price (down from $10.00) on shares of Community Health Systems in a research note on Wednesday, August 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Sunday, July 30th. Finally, Deutsche Bank AG lowered their target price on Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.52.
Community Health Systems (NYSE:CYH) traded up 0.52% during mid-day trading on Friday, hitting $5.85. The company had a trading volume of 3,526,886 shares. The company’s market capitalization is $654.82 million. The company has a 50-day moving average price of $6.96 and a 200 day moving average price of $8.21. Community Health Systems has a 52-week low of $4.15 and a 52-week high of $10.51.
Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, August 1st. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.31). The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations 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 business’s revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. On average, analysts forecast that Community Health Systems will post ($0.37) EPS for the current fiscal year.
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In other Community Health Systems 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.70% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its holdings in shares of Community Health Systems by 70.3% during the third quarter. Nationwide Fund Advisors now owns 548,805 shares of the company’s stock worth $4,215,000 after acquiring an additional 226,528 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in Community Health Systems by 499.2% during the third quarter. Fox Run Management L.L.C. now owns 76,100 shares of the company’s stock valued at $584,000 after buying an additional 63,400 shares in the last quarter. Verition Fund Management LLC raised its holdings in Community Health Systems by 105.0% during the second quarter. Verition Fund Management LLC now owns 56,589 shares of the company’s stock valued at $564,000 after buying an additional 28,989 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Community Health Systems during the second quarter valued at about $247,000. Finally, Sterling Capital Management LLC raised its holdings in Community Health Systems by 44.9% during the second quarter. Sterling Capital Management LLC now owns 39,069 shares of the company’s stock valued at $389,000 after buying an additional 12,097 shares in the last quarter. Institutional investors and hedge funds own 94.28% 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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