Robert W. Baird reissued their hold rating on shares of Community Health Systems, Inc. (NYSE:CYH) in a research report released on Wednesday. They currently have a $7.00 price objective on the stock.

A number of other research analysts also recently weighed in on the company. Jefferies Group LLC reissued a hold rating and issued a $7.00 target price on shares of Community Health Systems in a report on Tuesday, September 5th. ValuEngine raised Community Health Systems from a sell rating to a hold rating in a report on Friday, September 1st. Zacks Investment Research raised Community Health Systems from a sell rating to a hold rating in a report on Friday, July 21st. Morgan Stanley initiated coverage on Community Health Systems in a report on Tuesday, June 6th. They issued an underweight rating and a $9.50 target price on the stock. Finally, Cantor Fitzgerald reissued a neutral rating and issued a $7.00 target price (down previously from $8.00) on shares of Community Health Systems in a report on Wednesday, August 16th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $7.56.

Shares of Community Health Systems (NYSE:CYH) opened at 7.10 on Wednesday. The company’s market capitalization is $794.74 million. Community Health Systems has a 52 week low of $4.15 and a 52 week high of $10.91. The company has a 50-day moving average price of $7.43 and a 200-day moving average price of $8.46.

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

ILLEGAL ACTIVITY NOTICE: “Community Health Systems, Inc. (CYH) Receives Hold Rating from Robert W. Baird” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/10/08/community-health-systems-inc-cyh-receives-hold-rating-from-robert-w-baird.html.

In other Community Health Systems news, major shareholder Tian Qiao Chen bought 9,766,897 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of $7.27 per share, with a total value of $71,005,341.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.70% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CYH. HighTower Advisors LLC grew its holdings in Community Health Systems by 0.3% during the 2nd quarter. HighTower Advisors LLC now owns 17,203 shares of the company’s stock valued at $170,000 after buying an additional 51 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Community Health Systems by 1.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 22,750 shares of the company’s stock valued at $227,000 after buying an additional 250 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Community Health Systems by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 46,700 shares of the company’s stock valued at $465,000 after buying an additional 300 shares in the last quarter. World Asset Management Inc grew its holdings in Community Health Systems by 3.2% during the 1st quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock valued at $110,000 after buying an additional 387 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Community Health Systems by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 59,800 shares of the company’s stock valued at $596,000 after buying an additional 500 shares in the last quarter. 94.69% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

Receive News & Stock Ratings for Community Health Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems Inc. and related stocks with our FREE daily email newsletter.