Community Health Systems, Inc. (NYSE:CYH) had its price objective reduced by equities research analysts at Citigroup Inc from $7.00 to $5.00 in a research note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. Citigroup Inc’s target price would suggest a potential upside of 13.64% from the company’s previous close.

A number of other research analysts have also recently commented on CYH. Zacks Investment Research raised Community Health Systems from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, July 11th. Piper Jaffray Companies reissued a “sell” rating and issued a $9.00 target price on shares of Community Health Systems in a research note on Wednesday, July 26th. Jefferies Group LLC reissued a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Sunday, July 30th. Mizuho reissued a “neutral” rating and issued a $7.00 target price (down previously from $7.50) on shares of Community Health Systems in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG reduced 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. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.88.

Community Health Systems (NYSE CYH) traded down $1.04 on Friday, reaching $4.40. The company had a trading volume of 6,225,860 shares, compared to its average volume of 4,401,058. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.94.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.47). The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.70 billion. Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The firm’s revenue was down 16.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.35) EPS. equities analysts forecast that Community Health Systems will post -0.38 EPS for the current year.

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In other news, major shareholder Tian Qiao Chen bought 9,766,897 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of $7.27 per share, for a total transaction of $71,005,341.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of CYH. Alps Advisors Inc. purchased a new stake in shares of Community Health Systems during the second quarter worth about $107,000. Shelton Capital Management purchased a new stake in shares of Community Health Systems during the second quarter worth about $110,000. ARP Americas LLC purchased a new stake in shares of Community Health Systems during the third quarter worth about $121,000. Fox Run Management L.L.C. purchased a new stake in shares of Community Health Systems during the second quarter worth about $126,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Community Health Systems by 134.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 14,300 shares of the company’s stock worth $127,000 after purchasing an additional 8,200 shares during the period. Institutional investors own 94.53% 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.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

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