Community Health Systems, Inc. (NYSE:CYH)‘s stock had its “hold” rating reiterated by Mizuho in a report released on Thursday. They currently have a $7.00 price objective on the stock. Mizuho’s price objective would indicate a potential upside of 12.90% from the stock’s current price.

Several other research analysts have also issued reports on CYH. Zacks Investment Research lowered Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. Jefferies Group LLC restated a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Thursday. Robert W. Baird restated a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Wednesday, October 4th. Royal Bank Of Canada restated a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Friday, August 4th. Finally, Deutsche Bank AG dropped their target price on Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Community Health Systems currently has a consensus rating of “Hold” and an average target price of $7.56.

Community Health Systems (CYH) traded down 3.306% during midday trading on Thursday, hitting $5.995. The stock had a trading volume of 4,436,003 shares. The stock’s 50-day moving average is $7.35 and its 200-day moving average is $8.41. The company’s market capitalization is $671.05 million. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $10.70.

Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 quarter last year, the firm earned $0.09 EPS. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. Equities research analysts forecast that Community Health Systems will post ($0.35) EPS for the current year.

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In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of Community Health Systems stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of $7.27 per share, with a total value of $71,005,341.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of Community Health Systems by 22.3% during the first quarter. Russell Investments Group Ltd. now owns 129,006 shares of the company’s stock valued at $1,144,000 after buying an additional 23,496 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Community Health Systems by 67.5% during the first quarter. Wells Fargo & Company MN now owns 214,201 shares of the company’s stock valued at $1,900,000 after buying an additional 86,320 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Community Health Systems during the first quarter valued at $281,000. Bank of New York Mellon Corp grew its holdings in shares of Community Health Systems by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 1,453,363 shares of the company’s stock valued at $12,892,000 after buying an additional 82,186 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Community Health Systems by 4.7% during the first quarter. Comerica Bank now owns 126,579 shares of the company’s stock valued at $1,067,000 after buying an additional 5,655 shares during the last quarter. 94.69% of the stock is currently owned by institutional investors and hedge funds.

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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