Community Health Systems Inc. (CYH) Given “Hold” Rating at Leerink Swann
A number of other equities analysts have also recently commented on CYH. Barclays PLC decreased 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 report on Thursday, August 4th. Citigroup Inc. set a $12.00 price objective on shares of Community Health Systems and gave the company a hold rating in a research report on Saturday. Vetr cut shares of Community Health Systems from a strong-buy rating to a buy rating and set a $12.50 price objective on the stock. in a research report on Wednesday, September 7th. Jefferies Group restated a hold rating on shares of Community Health Systems in a research report on Wednesday, August 10th. Finally, Zacks Investment Research cut shares of Community Health Systems from a hold rating to a sell rating in a research report on Monday, August 8th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have given a buy rating to the stock. Community Health Systems has an average rating of Hold and a consensus target price of $16.17.
Community Health Systems (NYSE:CYH) traded up 2.42% during trading on Tuesday, hitting $11.43. 2,571,286 shares of the stock were exchanged. The stock has a 50 day moving average of $10.73 and a 200-day moving average of $13.15. The stock’s market cap is $1.27 billion. Community Health Systems has a 52 week low of $9.66 and a 52 week high of $36.72.
Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.47. The business earned $4.59 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. The company’s revenue was down 6.0% on a year-over-year basis. Equities analysts expect that Community Health Systems will post $1.32 EPS for the current fiscal year.
In related news, major shareholder Tian Qiao Chen acquired 929,813 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was purchased at an average cost of $10.27 per share, with a total value of $9,549,179.51. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new stake in shares of Community Health Systems during the first quarter worth approximately $157,109,000. Systematic Financial Management LP acquired a new stake in shares of Community Health Systems during the second quarter worth approximately $1,571,000. Mason Street Advisors LLC acquired a new stake in shares of Community Health Systems during the second quarter worth approximately $620,000. BNP Paribas Arbitrage SA boosted its stake in shares of 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 in the last quarter. Finally, Teachers Advisors Inc. boosted its stake in shares of 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 in the last quarter. 96.57% of the stock is owned by institutional investors and hedge funds.
About Community Health Systems
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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