Community Health Systems Inc. (NYSE:CYH) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “hold” rating in a report released on Monday. They presently have a $11.75 price objective on the stock. Vetr‘s target price suggests a potential upside of 1.82% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. Leerink Swann cut shares of Community Health Systems from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $21.00 to $13.00 in a research note on Tuesday, August 9th. Morgan Stanley restated a “sell” rating and set a $15.00 target price on shares of Community Health Systems in a research note on Wednesday, August 3rd. Citigroup Inc. lowered their target price on shares of Community Health Systems from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 5th. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 16th. Finally, Robert W. Baird restated a “neutral” rating and set a $12.00 target price on shares of Community Health Systems in a research note on Monday, September 19th. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.17.
Community Health Systems (NYSE:CYH) opened at 11.54 on Monday. The stock has a 50 day moving average of $10.71 and a 200-day moving average of $13.17. Community Health Systems has a 52-week low of $9.66 and a 52-week high of $37.56. The company’s market capitalization is $1.28 billion.
Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.47. The firm earned $4.59 billion during the quarter, compared to the consensus estimate of $4.53 billion. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts anticipate that Community Health Systems will post $1.32 earnings per share for the current fiscal year.
In other news, major shareholder Tian Qiao Chen bought 929,813 shares of the stock in a transaction dated Monday, September 26th. The stock was purchased at an average cost of $10.27 per share, for a total transaction of $9,549,179.51. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new stake in shares of Community Health Systems during the first quarter worth about $157,109,000. Systematic Financial Management LP bought a new stake in shares of Community Health Systems during the second quarter worth about $1,571,000. BNP Paribas Arbitrage SA increased its stake in shares of Community Health Systems by 240.9% in the second quarter. BNP Paribas Arbitrage SA now owns 79,244 shares of the company’s stock worth $955,000 after buying an additional 56,001 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Community Health Systems by 57.1% in the first quarter. Acadian Asset Management LLC now owns 41,343 shares of the company’s stock worth $766,000 after buying an additional 15,031 shares in the last quarter. Finally, Teachers Advisors Inc. increased its stake in shares of Community Health Systems by 6.1% in the first quarter. Teachers Advisors Inc. now owns 110,325 shares of the company’s stock worth $2,042,000 after buying an additional 6,337 shares in the last quarter. Hedge funds and other institutional investors own 96.57% of the company’s stock.
About Community Health Systems
Community Health Systems, Inc is an operator of general acute care hospitals in communities. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Company operates through two segments: hospital operations and home care agencies operations.
To view Vetr’s full report, visit Vetr’s official website.
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