Cantor Fitzgerald reiterated their hold rating on shares of Community Health Systems (NYSE:CYH) in a research note issued to investors on Thursday morning. They currently have a $6.00 target price on the stock.

“With the successful completion of its 30-hospital divestiture plan in 2017, CYH now looks to divest another wave of hospitals with combined net revenue of $2 billion in 2018. CYH expects to have around 100 hospitals remaining in significantly improved markets, with higher margins, better managed care rates and higher cash flows.”,” the firm’s analyst commented.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird reissued a hold rating and issued a $7.00 price target on shares of Community Health Systems in a research note on Wednesday, October 4th. Mizuho reissued a hold rating and issued a $7.00 price target on shares of Community Health Systems in a research note on Thursday, October 12th. Jefferies Group reissued a hold rating and issued a $7.00 price target on shares of Community Health Systems in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Community Health Systems from a strong sell rating to a hold rating in a research note on Tuesday, September 26th. Finally, ValuEngine raised shares of Community Health Systems from a sell rating to a hold rating in a research note on Friday, October 27th. Eight investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $6.21.

Community Health Systems (NYSE CYH) traded up $0.18 during trading hours on Thursday, hitting $5.15. 8,270,100 shares of the stock traded hands, compared to its average volume of 3,210,000. The company has a debt-to-equity ratio of 10.62, a quick ratio of 1.86 and a current ratio of 2.05. The stock has a market cap of $590.84, a price-to-earnings ratio of -0.88 and a beta of 1.42. Community Health Systems has a 52-week low of $3.85 and a 52-week high of $10.51.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.47). The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. Community Health Systems’s revenue for the quarter was down 16.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.35) earnings per share. equities research analysts forecast that Community Health Systems will post -1.25 EPS for the current year.

In other Community Health Systems news, major shareholder Tian Qiao Chen bought 100,164 shares of the stock in a transaction on Thursday, December 7th. The shares were bought at an average price of $3.96 per share, with a total value of $396,649.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have acquired 1,980,484 shares of company stock worth $7,878,489. 4.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CYH. JPMorgan Chase & Co. boosted its stake in Community Health Systems by 226.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,228,000 shares of the company’s stock worth $31,880,000 after purchasing an additional 2,932,700 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 during the last quarter. Franklin Resources Inc. acquired a new stake in Community Health Systems during the 2nd quarter worth $14,946,000. QS Investors LLC acquired a new stake in Community Health Systems during the 2nd quarter worth $5,761,000. Finally, Gotham Asset Management LLC boosted its stake in 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 last quarter.

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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)

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