Shares of Community Health Systems (NYSE:CYH) have received an average recommendation of “Hold” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $3.93.

Several equities research analysts have recently issued reports on CYH shares. Zacks Investment Research lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Barclays began coverage on shares of Community Health Systems in a research note on Tuesday, August 14th. They issued an “underweight” rating and a $3.00 price objective for the company. ValuEngine lowered shares of Community Health Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Morgan Stanley reduced their price objective on shares of Community Health Systems from $3.50 to $3.00 and set an “underweight” rating for the company in a research note on Thursday, August 16th. Finally, Piper Jaffray Companies reiterated a “sell” rating and issued a $3.00 price objective on shares of Community Health Systems in a research note on Friday, July 27th.

In other news, insider Patton Paul Smith purchased 10,000 shares of the business’s stock in a transaction on Monday, August 20th. The stock was purchased at an average cost of $3.51 per share, with a total value of $35,100.00. Following the acquisition, the insider now directly owns 103,417 shares in the company, valued at $362,993.67. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased a total of 25,000 shares of company stock valued at $83,350 over the last quarter. 3.80% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in CYH. Wells Fargo & Company MN boosted its holdings in Community Health Systems by 16.6% in the 1st quarter. Wells Fargo & Company MN now owns 217,656 shares of the company’s stock valued at $863,000 after purchasing an additional 30,991 shares during the period. Swiss National Bank boosted its holdings in Community Health Systems by 6.7% in the 1st quarter. Swiss National Bank now owns 199,826 shares of the company’s stock valued at $791,000 after purchasing an additional 12,500 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Community Health Systems by 41.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,245,963 shares of the company’s stock valued at $4,935,000 after purchasing an additional 365,583 shares during the period. Aperio Group LLC boosted its holdings in Community Health Systems by 110.0% in the 1st quarter. Aperio Group LLC now owns 58,164 shares of the company’s stock valued at $230,000 after purchasing an additional 30,467 shares during the period. Finally, Northern Trust Corp boosted its holdings in Community Health Systems by 2.4% in the 1st quarter. Northern Trust Corp now owns 1,295,661 shares of the company’s stock valued at $5,130,000 after purchasing an additional 30,334 shares during the period. 97.55% of the stock is owned by hedge funds and other institutional investors.

Shares of CYH stock traded up $0.02 during trading hours on Wednesday, hitting $2.64. 2,172,040 shares of the company were exchanged, compared to its average volume of 2,639,455. The company has a quick ratio of 1.58, a current ratio of 1.79 and a debt-to-equity ratio of -17.03. Community Health Systems has a 52-week low of $2.48 and a 52-week high of $6.64. The firm has a market cap of $402.24 million, a P/E ratio of -2.17 and a beta of 1.69.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Thursday, July 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.42. Community Health Systems had a negative net margin of 16.16% and a negative return on equity of 36.38%. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the business posted ($0.25) EPS. Community Health Systems’s quarterly revenue was down 14.0% compared to the same quarter last year. As a group, equities analysts expect that Community Health Systems will post -1.49 EPS for the current year.

Community Health Systems Company Profile

Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.

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Analyst Recommendations for Community Health Systems (NYSE:CYH)

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