Community Health Systems, Inc. (NYSE:CYH) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, October 27th.
Other research analysts also recently issued reports about the company. Zacks Investment Research raised Community Health Systems from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, July 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research note on Sunday, July 30th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research note on Friday, August 4th. Deutsche Bank AG reduced their target price on Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd. Finally, 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 Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.47.
Shares of Community Health Systems (NYSE:CYH) traded down $0.12 during trading hours on Friday, reaching $4.38. The company’s stock had a trading volume of 4,179,200 shares, compared to its average volume of 4,475,783. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86. Community Health Systems has a one year low of $4.29 and a one year high of $10.51.
Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.47). The business 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 in the previous year, the company earned ($0.35) earnings per share. sell-side analysts anticipate that Community Health Systems will post -1.25 EPS for the current year.
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In related news, major shareholder Tian Qiao Chen bought 9,766,897 shares of the company’s stock in a transaction on 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.70% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. ARP Americas LLC acquired a new position in shares of Community Health Systems in the 3rd quarter valued at $121,000. Marshall Wace North America L.P. acquired a new position in shares of Community Health Systems in the 2nd quarter valued at $2,628,000. BNP Paribas Arbitrage SA lifted its stake in shares of 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 purchasing an additional 29,794 shares during the last quarter. Ameriprise Financial Inc. lifted its stake 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. Finally, HighTower Advisors LLC acquired a new position in shares of Community Health Systems in the 1st quarter valued at $152,000. 99.59% of the stock is currently owned by institutional investors and hedge funds.
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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