Community Health Systems (NYSE:CYH) – Equities research analysts at Oppenheimer issued their Q1 2019 earnings estimates for Community Health Systems in a research report issued on Tuesday. Oppenheimer analyst M. Wiederhorn forecasts that the company will post earnings of ($0.01) per share for the quarter.

CYH has been the topic of several other reports. Credit Suisse Group began coverage on shares of Community Health Systems in a report on Thursday, November 2nd. They issued an “underperform” rating and a $3.50 price objective on the stock. ValuEngine lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Robert W. Baird reaffirmed a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research note on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $6.00 target price on shares of Community Health Systems in a research note on Friday, October 13th. Finally, Mizuho reaffirmed a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research note on Thursday, October 12th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. Community Health Systems presently has a consensus rating of “Hold” and an average target price of $6.21.

Shares of Community Health Systems (CYH) traded up $0.06 during mid-day trading on Thursday, hitting $5.15. 4,035,318 shares of the stock traded hands, compared to its average volume of 4,479,250. 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 52-week low of $3.85 and a 52-week high of $10.51. The firm has a market cap of $590.84, a price-to-earnings ratio of -0.88 and a beta of 1.42.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.47). Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The business’s revenue was down 16.3% compared to the same quarter last year.

In other Community Health Systems 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 shares were purchased at an average cost of $3.96 per share, with a total value of $396,649.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have purchased 1,980,484 shares of company stock worth $7,878,489. 4.70% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. ARP Americas LLC purchased a new stake in shares of Community Health Systems in the 3rd quarter valued at approximately $121,000. Ameriprise Financial Inc. increased its position in shares of 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 purchasing an additional 60,394 shares during the last quarter. Quantbot Technologies LP increased its position in shares of Community Health Systems by 114.9% in the 2nd quarter. Quantbot Technologies LP now owns 126,826 shares of the company’s stock valued at $1,263,000 after purchasing an additional 67,819 shares during the last quarter. IndexIQ Advisors LLC increased its position in shares of Community Health Systems by 83.0% in the 3rd quarter. IndexIQ Advisors LLC now owns 97,715 shares of the company’s stock valued at $750,000 after purchasing an additional 44,333 shares during the last quarter. Finally, Gotham Asset Management LLC increased its position in shares of Community Health Systems by 102.8% in the 2nd quarter. Gotham Asset Management LLC now owns 963,388 shares of the company’s stock valued at $9,595,000 after purchasing an additional 488,336 shares during the last quarter.

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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.

Earnings History and Estimates for Community Health Systems (NYSE:CYH)

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