Goldman Sachs Group began coverage on shares of Community Health Systems (NYSE:CYH) in a research report report published on Wednesday, January 3rd, MarketBeat.com reports. The brokerage issued a sell rating and a $3.00 price target on the stock.
A number of other equities analysts also recently issued reports on the company. Jefferies Group reiterated a hold rating and set a $7.00 price target on shares of Community Health Systems in a research report on Tuesday, September 5th. KeyCorp reiterated a hold rating on shares of Community Health Systems in a research report on Thursday, September 7th. Zacks Investment Research raised Community Health Systems from a strong sell rating to a hold rating in a report on Tuesday, September 26th. Robert W. Baird reaffirmed a hold rating and issued a $7.00 price target on shares of Community Health Systems in a report on Wednesday, October 4th. Finally, ValuEngine cut Community Health Systems from a hold rating to a sell rating in a report on Wednesday, October 11th. Eight research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $6.21.
Shares of Community Health Systems (NYSE:CYH) traded up $0.02 during trading hours on Wednesday, reaching $3.99. The company had a trading volume of 3,080,200 shares, compared to its average volume of 3,069,717. Community Health Systems has a 12 month low of $3.85 and a 12 month high of $10.51. The firm has a market cap of $457.76, a price-to-earnings ratio of -0.69 and a beta of 1.42. The company has a quick ratio of 1.86, a current ratio of 2.05 and a debt-to-equity ratio of 10.62.
Community Health Systems (NYSE:CYH) last posted its quarterly 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 firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The firm’s revenue for the quarter was down 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.35) EPS. equities analysts predict that Community Health Systems will post -1.25 earnings per share for the current fiscal year.
In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 406,069 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were bought at an average cost of $4.00 per share, for a total transaction of $1,624,276.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.70% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of CYH. ARP Americas LLC acquired a new position in Community Health Systems in the 3rd quarter valued at about $121,000. BNP Paribas Arbitrage SA increased its position 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 acquiring an additional 29,794 shares during the period. Ameriprise Financial Inc. increased its position 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 acquiring an additional 60,394 shares during the period. Quantbot Technologies LP increased its position in 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 acquiring an additional 67,819 shares during the period. Finally, IndexIQ Advisors LLC increased its position in 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 acquiring an additional 44,333 shares during the period. Institutional investors and hedge funds own 94.72% of the company’s stock.
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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.
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