ValuEngine lowered shares of Community Health Systems (NYSE:CYH) from a buy rating to a hold rating in a report released on Monday, February 4th.
CYH has been the subject of a number of other research reports. Zacks Investment Research downgraded Community Health Systems from a buy rating to a hold rating in a report on Thursday, January 24th. Cantor Fitzgerald reaffirmed a hold rating and set a $6.00 target price on shares of Community Health Systems in a report on Thursday, October 11th. Finally, UBS Group started coverage on Community Health Systems in a report on Thursday, November 15th. They set a sell rating and a $2.00 target price for the company. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $3.68.
NYSE CYH traded up $0.04 during trading on Monday, hitting $4.99. The company’s stock had a trading volume of 3,825,408 shares, compared to its average volume of 1,521,662. The company has a market cap of $523.28 million, a PE ratio of -2.57 and a beta of 2.51. Community Health Systems has a fifty-two week low of $2.48 and a fifty-two week high of $5.14.
Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, February 20th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.17. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.38 billion. Community Health Systems’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.28) EPS. On average, analysts expect that Community Health Systems will post -1.53 EPS for the current year.
A number of hedge funds have recently made changes to their positions in CYH. BlackRock Inc. raised its position in Community Health Systems by 5.8% during the second quarter. BlackRock Inc. now owns 15,839,085 shares of the company’s stock valued at $52,587,000 after acquiring an additional 872,001 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Community Health Systems in the second quarter valued at approximately $1,618,000. First Midwest Bank Trust Division purchased a new stake in shares of Community Health Systems in the third quarter valued at approximately $257,000. Systematic Financial Management LP increased its position in shares of Community Health Systems by 23.7% in the third quarter. Systematic Financial Management LP now owns 392,255 shares of the company’s stock valued at $1,357,000 after buying an additional 75,130 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its position in shares of Community Health Systems by 277.3% in the third quarter. Commonwealth Bank of Australia now owns 380,000 shares of the company’s stock valued at $1,313,000 after buying an additional 279,282 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.
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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