Vetr upgraded shares of Community Health Systems Inc. (NYSE:CYH) from a hold rating to a buy rating in a research note released on Monday. They currently have $11.75 price target on the stock.

A number of other equities analysts have also weighed in on CYH. Barclays PLC cut their target price on shares of Community Health Systems from $17.00 to $15.00 and set an equal weight rating for the company in a research report on Thursday, August 4th. Citigroup Inc. set a $12.00 target price on shares of Community Health Systems and gave the stock a hold rating in a research report on Saturday, October 1st. Jefferies Group reiterated a hold rating on shares of Community Health Systems in a research report on Wednesday, August 10th. Zacks Investment Research lowered shares of Community Health Systems from a hold rating to a sell rating in a research report on Monday, August 8th. Finally, Leerink Swann reiterated a hold rating on shares of Community Health Systems in a research report on Tuesday, September 20th. Six equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $16.17.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

Shares of Community Health Systems (NYSE:CYH) opened at 10.66 on Monday. The company’s 50 day moving average is $10.80 and its 200 day moving average is $13.05. Community Health Systems has a one year low of $9.66 and a one year high of $36.14. The company’s market capitalization is $1.18 billion.

Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.47. The business had revenue of $4.59 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Equities research analysts predict that Community Health Systems will post $1.32 earnings per share for the current year.

In other news, major shareholder Tian Qiao Chen purchased 929,813 shares of the business’s stock in a transaction on Monday, September 26th. The stock was acquired at an average cost of $10.27 per share, for a total transaction of $9,549,179.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CYH. Wellington Management Group LLP bought a new position in shares of Community Health Systems during the first quarter worth about $157,109,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new position in shares of Community Health Systems during the second quarter worth about $59,988,000. Kohlberg Kravis Roberts & Co. L.P. bought a new position in shares of Community Health Systems during the second quarter worth about $41,896,000. JPMorgan Chase & Co. increased its position in shares of Community Health Systems by 417.6% in the second quarter. JPMorgan Chase & Co. now owns 2,404,267 shares of the company’s stock worth $28,971,000 after buying an additional 1,939,765 shares during the period. Finally, BlackRock Fund Advisors increased its position in shares of Community Health Systems by 41.7% in the second quarter. BlackRock Fund Advisors now owns 6,020,839 shares of the company’s stock worth $72,551,000 after buying an additional 1,771,171 shares during the period. Institutional investors and hedge funds own 96.57% of the company’s stock.

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.

5 Day Chart for NYSE:CYH

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