Community Health Systems, Inc. (NYSE:CYH) – Stock analysts at Cantor Fitzgerald reduced their FY2017 EPS estimates for Community Health Systems in a research note issued on Tuesday. Cantor Fitzgerald analyst J. France now forecasts that the company will earn ($0.09) per share for the year, down from their prior forecast of $0.55. Cantor Fitzgerald also issued estimates for Community Health Systems’ FY2018 earnings at $0.64 EPS.

CYH has been the subject of a number of other reports. Piper Jaffray Companies reiterated a “sell” rating and issued a $9.00 price target on shares of Community Health Systems in a report on Wednesday, July 26th. Morgan Stanley began coverage on Community Health Systems in a research note on Tuesday, June 6th. They set an “underweight” rating and a $9.50 price objective for the company. Vetr downgraded Community Health Systems from a “hold” rating to a “sell” rating and set a $8.62 price objective for the company. in a research note on Monday, April 17th. Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG lowered their price objective on Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.02.

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Shares of Community Health Systems (CYH) opened at 6.16 on Thursday. The firm’s market capitalization is $689.92 million. The stock has a 50 day moving average price of $8.65 and a 200 day moving average price of $8.65. Community Health Systems has a 12-month low of $4.15 and a 12-month high of $13.28.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.31. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.14 billion. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. Community Health Systems’s revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share.

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP acquired a new position in shares of Community Health Systems during the first quarter worth about $281,000. Great West Life Assurance Co. Can raised its position in shares of Community Health Systems by 8.3% in the first quarter. Great West Life Assurance Co. Can now owns 246,858 shares of the company’s stock worth $2,186,000 after buying an additional 19,005 shares during the period. Wells Fargo & Company MN raised its position in shares of Community Health Systems by 67.5% in the first quarter. Wells Fargo & Company MN now owns 214,201 shares of the company’s stock worth $1,900,000 after buying an additional 86,320 shares during the period. Russell Investments Group Ltd. raised its position in shares of Community Health Systems by 22.3% in the first quarter. Russell Investments Group Ltd. now owns 129,006 shares of the company’s stock worth $1,144,000 after buying an additional 23,496 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of Community Health Systems by 2,782.8% in the first quarter. Acadian Asset Management LLC now owns 641,304 shares of the company’s stock worth $5,687,000 after buying an additional 619,058 shares during the period. Institutional investors own 95.14% of the company’s stock.

About Community Health Systems

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.

Earnings History and Estimates for Community Health Systems (NYSE:CYH)

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