Community Health Systems Inc. (NYSE:CYH)‘s stock had its “neutral” rating reaffirmed by investment analysts at Mizuho in a research report issued on Tuesday. They currently have a $10.50 target price on the stock. Mizuho’s target price indicates a potential downside of 5.91% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Vetr cut shares of Community Health Systems from a “strong-buy” rating to a “buy” rating and set a $12.50 price target on the stock. in a report on Wednesday, September 7th. Barclays PLC lowered their price target on shares of Community Health Systems from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, August 4th. Zacks Investment Research raised shares of Community Health Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 26th. Jefferies Group reissued a “hold” rating on shares of Community Health Systems in a report on Wednesday, August 10th. Finally, Citigroup Inc. set a $14.00 price target on shares of Community Health Systems and gave the company a “hold” rating in a report on Monday, September 19th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $16.17.

Shares of Community Health Systems (NYSE:CYH) traded down 1.33% on Tuesday, hitting $11.16. The stock had a trading volume of 3,752,594 shares. The firm’s market capitalization is $1.24 billion. Community Health Systems has a 12-month low of $9.66 and a 12-month high of $36.79. The company has a 50 day moving average of $10.73 and a 200-day moving average of $13.16.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results 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. The company earned $4.59 billion during the quarter, compared to the consensus estimate of $4.53 billion. Community Health Systems had a negative net margin of 7.55% and a positive return on equity of 2.10%. Community Health Systems’s quarterly revenue was down 6.0% on a year-over-year basis. Equities analysts predict that Community Health Systems will post $1.32 EPS for the current fiscal year.

In related news, major shareholder Tian Qiao Chen bought 929,813 shares of the business’s stock in a transaction on Monday, September 26th. The shares were 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 is available through this link. 4.60% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. State Treasurer State of Michigan increased its position in Community Health Systems by 0.7% in the second quarter. State Treasurer State of Michigan now owns 45,294 shares of the company’s stock valued at $546,000 after buying an additional 300 shares during the last quarter. Chicago Equity Partners LLC increased its position in Community Health Systems by 1.1% in the second quarter. Chicago Equity Partners LLC now owns 54,885 shares of the company’s stock valued at $661,000 after buying an additional 580 shares during the last quarter. Globeflex Capital L P increased its position in Community Health Systems by 3.0% in the second quarter. Globeflex Capital L P now owns 31,034 shares of the company’s stock valued at $374,000 after buying an additional 891 shares during the last quarter. Advisors Asset Management Inc. increased its position in Community Health Systems by 9.6% in the second quarter. Advisors Asset Management Inc. now owns 10,750 shares of the company’s stock valued at $130,000 after buying an additional 939 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Community Health Systems by 8.9% in the second quarter. Teacher Retirement System of Texas now owns 15,806 shares of the company’s stock valued at $190,000 after buying an additional 1,287 shares during the last quarter. 96.57% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:CYH

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