Community Health Systems, Inc. (NYSE:CYH)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group LLC in a report released on Thursday. They presently have a $7.00 price objective on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 12.90% from the stock’s previous close.

Several other brokerages have also recently issued reports on CYH. Zacks Investment Research raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Mizuho reaffirmed a “neutral” rating and set a $7.00 price objective (down previously from $7.50) on shares of Community Health Systems in a research note on Wednesday, August 2nd. ValuEngine cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research note on Friday, September 1st. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Community Health Systems currently has a consensus rating of “Hold” and an average price target of $7.56.

Community Health Systems (CYH) opened at 6.20 on Thursday. The stock’s market cap is $694.00 million. Community Health Systems has a 52-week low of $4.15 and a 52-week high of $10.70. The company has a 50-day moving average price of $7.35 and a 200 day moving average price of $8.41.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. On average, analysts expect that Community Health Systems will post ($0.35) earnings per share for the current year.

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In related news, major shareholder Tian Qiao Chen acquired 9,766,897 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of $7.27 per share, with a total value of $71,005,341.19. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.70% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Verition Fund Management LLC boosted its position in shares of Community Health Systems by 105.0% during the 2nd quarter. Verition Fund Management LLC now owns 56,589 shares of the company’s stock worth $564,000 after purchasing an additional 28,989 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of Community Health Systems during the 2nd quarter worth approximately $247,000. Sterling Capital Management LLC boosted its position in shares of Community Health Systems by 44.9% during the 2nd quarter. Sterling Capital Management LLC now owns 39,069 shares of the company’s stock worth $389,000 after purchasing an additional 12,097 shares during the period. BlueCrest Capital Management Ltd purchased a new position in shares of Community Health Systems during the 2nd quarter worth approximately $244,000. Finally, Gotham Asset Management LLC boosted its position in shares of Community Health Systems by 102.8% during the 2nd quarter. Gotham Asset Management LLC now owns 963,388 shares of the company’s stock worth $9,595,000 after purchasing an additional 488,336 shares during the period. 94.69% of the stock is owned by hedge funds and other institutional investors.

Community Health Systems Company Profile

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)

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