CYH has been the topic of several other research reports. Susquehanna upgraded Community Health Systems from a neutral rating to a positive rating and increased their price target for the stock from $10.78 to $18.00 in a report on Wednesday, September 14th. Jefferies Group reiterated a hold rating on shares of Community Health Systems in a report on Wednesday, August 10th. Credit Suisse Group AG assumed coverage on Community Health Systems in a report on Friday, July 29th. They issued a neutral rating and a $14.00 price target on the stock. Citigroup Inc. set a $12.00 price target on Community Health Systems and gave the stock a hold rating in a report on Saturday, October 1st. Finally, Barclays PLC reiterated a hold rating and issued a $15.00 price target on shares of Community Health Systems in a report on Friday, August 19th. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have given a buy rating to the stock. Community Health Systems currently has an average rating of Hold and a consensus target price of $16.17.
Community Health Systems (NYSE:CYH) opened at 10.94 on Tuesday. The company’s market capitalization is $1.21 billion. The stock’s 50 day moving average price is $10.77 and its 200 day moving average price is $13.12. Community Health Systems has a 52 week low of $9.66 and a 52 week high of $36.49.
Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the 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 business had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.53 billion. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Analysts anticipate that Community Health Systems will post $1.32 earnings per share for the current year.
In related news, major shareholder Tian Qiao Chen purchased 929,813 shares of the business’s stock in a transaction dated Monday, September 26th. The stock was purchased at an average cost of $10.27 per share, with a total value of $9,549,179.51. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.60% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in Community Health Systems during the first quarter worth approximately $157,109,000. Riverhead Capital Management LLC raised its position in Community Health Systems by 800.3% in the first quarter. Riverhead Capital Management LLC now owns 219,671 shares of the company’s stock worth $4,067,000 after buying an additional 195,271 shares during the last quarter. Chubb Ltd. bought a new position in Community Health Systems during the first quarter worth approximately $13,675,000. UBS Asset Management Americas Inc. raised its position in 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 worth $3,180,000 after buying an additional 13,104 shares during the last quarter. Finally, State Street Corp raised its position in Community Health Systems by 7.8% in the first quarter. State Street Corp now owns 3,364,723 shares of the company’s stock worth $62,279,000 after buying an additional 243,964 shares during the last quarter. 96.57% of the stock is owned by hedge funds and other 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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