Community Health Systems (CYH) Lowered to “Strong Sell” at ValuEngine

Community Health Systems (NYSE:CYH) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.

CYH has been the subject of several other reports. Goldman Sachs Group initiated coverage on Community Health Systems in a report on Wednesday, January 3rd. They set a “sell” rating and a $3.00 price target for the company. Cantor Fitzgerald reaffirmed a “hold” rating and set a $6.00 price target on shares of Community Health Systems in a report on Sunday, November 5th. Citigroup decreased their price target on Community Health Systems from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, December 18th. Finally, Piper Jaffray Companies reissued a “sell” rating and issued a $6.00 target price on shares of Community Health Systems in a report on Friday, October 13th. Eight 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. The stock currently has a consensus rating of “Hold” and an average target price of $6.10.

Shares of Community Health Systems (NYSE CYH) traded down $0.26 during midday trading on Friday, hitting $5.44. The company had a trading volume of 2,232,837 shares, compared to its average volume of 3,803,733. 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 52-week low of $3.85 and a 52-week high of $10.51. The firm has a market capitalization of $653.94, a P/E ratio of -0.91 and a beta of 1.52.

In other Community Health Systems news, major shareholder Tian Qiao Chen bought 995,551 shares of Community Health Systems stock in a transaction on Wednesday, January 10th. The stock was bought at an average price of $3.97 per share, with a total value of $3,952,337.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders acquired 1,980,484 shares of company stock valued at $7,878,489. 4.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CYH. Shelton Capital Management acquired a new position in shares of Community Health Systems during the 2nd quarter worth $110,000. FrontFour Capital Group LLC acquired a new position in shares of Community Health Systems during the 3rd quarter worth $113,000. ARP Americas LLC acquired a new position in shares of Community Health Systems during the 3rd quarter worth $121,000. Macquarie Group Ltd. acquired a new position in shares of Community Health Systems during the 3rd quarter worth $154,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Community Health Systems during the 4th quarter worth $157,000. 94.72% of the stock is owned by 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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