Community Health Systems (NYSE:CYH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Community Health’s shares have underperformed the industry in a year's time. Following lackluster third-quarter results, the company has lowered its 2017 earnings per share guidance. The company has seen a continuous decline in its revenues that have been putting pressure on the bottom line. The company has seen its Zacks Consensus Estimate for 2017 and 2018 earnings being revised in the past 60 days. However, the company is well poised for long term growth on the back of its inorganic strategies. The company’s frequent divestitures to streamline core operations have helped it lower its debt burden. As a part of their restructuring plan, the company has started taking up certain corrective measures in order to bring improvement to its top line.”

Several other research analysts also recently issued reports on the company. J P Morgan Chase & Co downgraded Community Health Systems from a “neutral” rating to an “underweight” rating in a research note on Thursday. ValuEngine raised Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Royal Bank of Canada reaffirmed a “hold” rating and set a $5.00 price target on shares of Community Health Systems in a research note on Tuesday, November 7th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $6.00 price target on shares of Community Health Systems in a research note on Sunday, November 5th. Finally, Mizuho reaffirmed a “hold” rating and set a $3.50 price target on shares of Community Health Systems in a research note on Friday, November 3rd. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.47.

Community Health Systems (CYH) opened at $4.25 on Monday. The company has a current ratio of 2.05, a quick ratio of 1.86 and a debt-to-equity ratio of 10.62. Community Health Systems has a one year low of $3.85 and a one year high of $10.51.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.47). The firm had revenue of $3.67 billion for 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 company’s quarterly revenue was down 16.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.35) EPS. equities research analysts predict that Community Health Systems will post -1.25 earnings per share for the current fiscal year.

In other news, major shareholder Tian Qiao Chen bought 100,164 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was purchased 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 SEC, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. ARP Americas LLC acquired a new position in Community Health Systems in the 3rd quarter valued at about $121,000. Marshall Wace North America L.P. purchased a new stake in Community Health Systems in the 2nd quarter valued at about $2,628,000. BNP Paribas Arbitrage SA grew its holdings in Community Health Systems by 101.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 59,039 shares of the company’s stock valued at $588,000 after buying an additional 29,794 shares during the period. Ameriprise Financial Inc. grew its holdings in Community Health Systems by 9.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 716,703 shares of the company’s stock valued at $7,141,000 after buying an additional 60,394 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in Community Health Systems in the 2nd quarter valued at about $107,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

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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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Analyst Recommendations for Community Health Systems (NYSE:CYH)

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