ValuEngine upgraded shares of Community Health Systems, Inc. (NYSE:CYH) from a sell rating to a hold rating in a research note released on Friday morning.

Several other analysts also recently commented on the stock. Zacks Investment Research raised shares of Community Health Systems from a sell rating to a hold rating in a report on Friday, July 21st. Morgan Stanley started coverage on shares of Community Health Systems in a report on Tuesday, June 6th. They issued an underweight rating and a $9.50 price objective for the company. Piper Jaffray Companies reissued a sell rating and issued a $9.00 price objective on shares of Community Health Systems in a report on Wednesday, July 26th. Cantor Fitzgerald reissued a neutral rating and issued a $7.00 price objective (down previously from $8.00) on shares of Community Health Systems in a report on Wednesday, August 16th. Finally, BidaskClub raised shares of Community Health Systems from a sell rating to a hold rating in a report on Tuesday, June 27th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $7.84.

Community Health Systems (CYH) opened at 7.87 on Friday. Community Health Systems has a 52-week low of $4.15 and a 52-week high of $13.28. The company has a 50-day moving average of $7.61 and a 200 day moving average of $8.73. The firm’s market cap is $880.93 million.

Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, August 1st. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of $0.06 by $0.31. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.14 billion. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The business’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. On average, equities research analysts anticipate that Community Health Systems will post ($0.31) EPS for the current year.

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In other news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $7.27 per share, with a total value of $71,005,341.19. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CYH. BlackRock Inc. increased its position in Community Health Systems by 38,765.3% during the 1st quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock worth $130,263,000 after purchasing an additional 14,647,864 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Community Health Systems by 131.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,957,164 shares of the company’s stock worth $49,374,000 after purchasing an additional 2,819,955 shares in the last quarter. Laurion Capital Management LP increased its position in Community Health Systems by 101.3% during the 1st quarter. Laurion Capital Management LP now owns 22,528 shares of the company’s stock worth $200,000 after purchasing an additional 1,771,843 shares in the last quarter. Franklin Resources Inc. acquired a new position in Community Health Systems during the 2nd quarter worth approximately $14,946,000. Finally, Vanguard Group Inc. increased its position in Community Health Systems by 15.2% during the 1st quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock worth $88,288,000 after purchasing an additional 1,312,513 shares in the last quarter. Institutional investors and hedge funds own 94.71% 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.

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Analyst Recommendations for Community Health Systems (NYSE:CYH)

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