ValuEngine upgraded shares of Community Health Systems (NYSE:CYH) from a strong sell rating to a sell rating in a report published on Monday.
Several other equities research analysts also recently weighed in on CYH. Jefferies Group set a $5.00 target price on shares of Community Health Systems and gave the stock a hold rating in a research report on Tuesday, March 6th. Zacks Investment Research raised shares of Community Health Systems from a sell rating to a hold rating in a research report on Friday, March 9th. Cantor Fitzgerald reissued a hold rating and issued a $6.00 target price on shares of Community Health Systems in a research report on Thursday, January 11th. Wells Fargo began coverage on shares of Community Health Systems in a research report on Tuesday, January 30th. They issued an underperform rating and a $4.50 target price for the company. Finally, Goldman Sachs began coverage on shares of Community Health Systems in a research report on Wednesday, January 3rd. They issued a sell rating and a $3.00 target price for the company. Eight research 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 company presently has a consensus rating of Hold and a consensus price target of $5.98.
Shares of Community Health Systems stock opened at $4.33 on Monday. Community Health Systems has a one year low of $3.85 and a one year high of $10.51. The stock has a market cap of $497.48, a price-to-earnings ratio of -0.20 and a beta of 1.52. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of -20.06.
Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.09. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.53 billion. Community Health Systems had a negative net margin of 16.01% and a negative return on equity of 14.18%. The firm’s quarterly revenue was down 31.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. analysts expect that Community Health Systems will post -1.31 earnings per share for the current fiscal year.
In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 995,551 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was acquired at an average cost of $3.97 per share, with a total value of $3,952,337.47. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 1,880,320 shares of company stock valued at $7,481,839 over the last ninety days. Company insiders own 4.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Community Health Systems during the 4th quarter valued at about $100,000. FrontFour Capital Group LLC acquired a new position in Community Health Systems during the 3rd quarter valued at about $113,000. Macquarie Group Ltd. acquired a new position in Community Health Systems during the 3rd quarter valued at about $154,000. Acadian Asset Management LLC acquired a new position in Community Health Systems during the 4th quarter valued at about $157,000. Finally, Bank of Montreal Can boosted its stake in Community Health Systems by 882.1% during the 4th quarter. Bank of Montreal Can now owns 37,084 shares of the company’s stock valued at $158,000 after purchasing an additional 33,308 shares during the period. 94.72% 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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