Community Health Systems Inc. (CYH) Lowered to “Hold” at Vetr Inc.
Community Health Systems Inc. (NYSE:CYH) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “hold” rating in a research report issued on Monday. They presently have a $11.75 price target on the stock. Vetr‘s price objective points to a potential upside of 1.82% from the company’s previous close.
Several other equities research analysts have also recently weighed in on CYH. Ladenburg Thalmann upgraded shares of Community Health Systems from a “not rated” rating to an “underperform” rating in a research report on Monday, June 13th. Zacks Investment Research lowered shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 5th. Credit Suisse Group AG initiated coverage on shares of Community Health Systems in a research note on Friday, July 29th. They set a “neutral” rating and a $14.00 target price on the stock. Morgan Stanley reissued a “sell” rating and set a $15.00 target price on shares of Community Health Systems in a research note on Wednesday, August 3rd. Finally, Barclays PLC cut their target price on shares of Community Health Systems from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 4th. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $16.17.
Community Health Systems (NYSE:CYH) opened at 11.54 on Monday. The stock’s 50 day moving average is $10.71 and its 200 day moving average is $13.17. Community Health Systems has a 1-year low of $9.66 and a 1-year high of $37.56. The firm’s market capitalization is $1.28 billion.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.47. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. The firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.53 billion. The company’s revenue was down 6.0% compared to the same quarter last year. Analysts predict that Community Health Systems will post $1.32 EPS for the current fiscal year.
In other Community Health Systems news, major shareholder Tian Qiao Chen bought 929,813 shares of Community Health Systems stock in a transaction dated Monday, September 26th. The stock was purchased at an average price of $10.27 per share, for a total transaction of $9,549,179.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.60% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP acquired a new position in Community Health Systems during the first quarter valued at $157,109,000. Systematic Financial Management LP purchased a new position in Community Health Systems during the second quarter worth approximately $1,571,000. BNP Paribas Arbitrage SA raised its position in Community Health Systems by 240.9% in the second quarter. BNP Paribas Arbitrage SA now owns 79,244 shares of the company’s stock worth $955,000 after buying an additional 56,001 shares during the period. Acadian Asset Management LLC raised its position in Community Health Systems by 57.1% in the first quarter. Acadian Asset Management LLC now owns 41,343 shares of the company’s stock worth $766,000 after buying an additional 15,031 shares during the period. Finally, Teachers Advisors Inc. raised its position in Community Health Systems by 6.1% in the first quarter. Teachers Advisors Inc. now owns 110,325 shares of the company’s stock worth $2,042,000 after buying an additional 6,337 shares during the period. Hedge funds and other institutional investors own 96.57% of the company’s stock.
Community Health Systems Company Profile
Community Health Systems, Inc is an operator of general acute care hospitals in communities. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Company operates through two segments: hospital operations and home care agencies operations.
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