Community Health Systems (NYSE:CYH) was downgraded by stock analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a report issued on Thursday, MarketBeat Ratings reports.

A number of other research analysts also recently weighed in on the company. ValuEngine upgraded Community Health Systems from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 3rd. Cantor Fitzgerald reiterated a “hold” rating and set a $6.00 price target on shares of Community Health Systems in a report on Sunday, November 5th. UBS reiterated a “neutral” rating and set a $8.00 price target (down previously from $10.00) on shares of Community Health Systems in a report on Wednesday, August 23rd. Finally, Citigroup lowered their price target on Community Health Systems from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.47.

Shares of Community Health Systems (CYH) traded down $0.27 during midday trading on Thursday, hitting $4.19. The company had a trading volume of 3,878,451 shares, compared to its average volume of 3,563,520. The company has a debt-to-equity ratio of 10.62, a quick ratio of 1.86 and a current ratio of 2.05. Community Health Systems has a twelve month low of $3.85 and a twelve month high of $10.51.

Community Health Systems (NYSE:CYH) last issued its earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.47). The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.70 billion. Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The business’s revenue was down 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. research analysts expect that Community Health Systems will post -1.25 EPS for the current fiscal year.

In related news, major shareholder Tian Qiao Chen purchased 100,164 shares of Community Health Systems stock in a transaction on Thursday, December 7th. The stock was bought at an average price of $3.96 per share, with a total value of $396,649.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. FrontFour Capital Group LLC acquired a new stake in shares of Community Health Systems in the third quarter worth about $113,000. California Public Employees Retirement System lifted its position in shares of Community Health Systems by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 1,645,329 shares of the company’s stock worth $12,636,000 after purchasing an additional 167,633 shares during the last quarter. Group One Trading L.P. lifted its position in shares of Community Health Systems by 345.2% during the 3rd quarter. Group One Trading L.P. now owns 65,727 shares of the company’s stock worth $505,000 after purchasing an additional 50,962 shares during the last quarter. Pentwater Capital Management LP lifted its position in shares of Community Health Systems by 140.0% during the 3rd quarter. Pentwater Capital Management LP now owns 240,000 shares of the company’s stock worth $1,843,000 after purchasing an additional 140,000 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in shares of Community Health Systems during the 3rd quarter worth about $2,327,000. 94.74% of the stock is owned by institutional investors.

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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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