CYH has been the subject of a number of other research reports. Susquehanna upgraded Community Health Systems from a neutral rating to a positive rating and increased their price target for the company from $10.78 to $18.00 in a research report on Wednesday, September 14th. Jefferies Group restated a hold rating on shares of Community Health Systems in a research report on Wednesday, August 10th. Credit Suisse Group AG started coverage on Community Health Systems in a research report on Friday, July 29th. They set a neutral rating and a $14.00 price objective for the company. Citigroup Inc. set a $12.00 price objective on Community Health Systems and gave the stock a hold rating in a research report on Saturday, October 1st. Finally, Barclays PLC restated a hold rating and set a $15.00 price objective on shares of Community Health Systems in a research report on Friday, August 19th. Six investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $16.17.
Community Health Systems (NYSE:CYH) opened at 10.64 on Tuesday. The firm has a 50-day moving average price of $10.79 and a 200-day moving average price of $13.10. The stock’s market cap is $1.18 billion. Community Health Systems has a 12-month low of $9.66 and a 12-month high of $36.14.
Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.47. Community Health Systems had a negative net margin of 7.55% and a positive return on equity of 2.10%. The company earned $4.59 billion during the quarter, compared to analyst estimates of $4.53 billion. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Analysts forecast that Community Health Systems will post $1.32 EPS for the current fiscal year.
In other news, major shareholder Tian Qiao Chen acquired 929,813 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were bought at an average price of $10.27 per share, with a total value of $9,549,179.51. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 4.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in shares of Community Health Systems during the first quarter valued at approximately $157,109,000. Riverhead Capital Management LLC raised its stake in shares of Community Health Systems by 800.3% in the first quarter. Riverhead Capital Management LLC now owns 219,671 shares of the company’s stock valued at $4,067,000 after buying an additional 195,271 shares in the last quarter. Chubb Ltd. bought a new stake in shares of Community Health Systems during the first quarter valued at approximately $13,675,000. UBS Asset Management Americas Inc. raised its stake in shares of Community Health Systems by 8.3% in the first quarter. UBS Asset Management Americas Inc. now owns 171,788 shares of the company’s stock valued at $3,180,000 after buying an additional 13,104 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Community Health Systems by 7.8% in the first quarter. State Street Corp now owns 3,364,723 shares of the company’s stock valued at $62,279,000 after buying an additional 243,964 shares in the last quarter. 96.57% of the stock is currently owned by institutional investors.
Community Health Systems Company Profile
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.
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