Community Health Systems (CYH) Given a $4.00 Price Target by Mizuho Analysts

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Mizuho set a $4.00 target price on Community Health Systems (NYSE:CYH) in a research note issued to investors on Friday, July 27th. The brokerage currently has a hold rating on the stock.

Several other analysts have also commented on the company. Zacks Investment Research lowered Community Health Systems from a hold rating to a sell rating in a report on Tuesday, July 24th. ValuEngine raised Community Health Systems from a sell rating to a hold rating in a report on Monday, April 2nd. Jefferies Financial Group reaffirmed a hold rating and set a $4.00 target price on shares of Community Health Systems in a report on Friday, July 27th. SunTrust Banks reaffirmed a hold rating and set a $3.00 target price on shares of Community Health Systems in a report on Friday, July 20th. Finally, Bank of America dropped their price objective on Community Health Systems from $4.50 to $4.00 and set an underperform rating on the stock in a report on Friday, July 27th. Nine analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Community Health Systems presently has a consensus rating of Hold and an average price target of $4.20.

Community Health Systems stock traded up $0.13 during midday trading on Friday, hitting $3.60. 2,038,555 shares of the company were exchanged, compared to its average volume of 2,625,165. The firm has a market cap of $396.42 million, a price-to-earnings ratio of -3.00 and a beta of 1.68. Community Health Systems has a fifty-two week low of $2.66 and a fifty-two week high of $7.92. 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 (NYSE:CYH) last posted its earnings results on Thursday, July 26th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.42. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.52 billion. Community Health Systems had a negative return on equity of 36.38% and a negative net margin of 16.16%. Community Health Systems’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period last year, the company earned ($0.25) earnings per share. equities analysts expect that Community Health Systems will post -1.5 EPS for the current year.

In other news, insider Patton Paul Smith bought 10,000 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were acquired at an average price of $3.51 per share, for a total transaction of $35,100.00. Following the completion of the transaction, the insider now directly owns 103,417 shares in the company, valued at approximately $362,993.67. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders bought 30,655 shares of company stock worth $108,345. Company insiders own 3.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Miller Value Partners LLC lifted its holdings in shares of Community Health Systems by 16.9% in the 2nd quarter. Miller Value Partners LLC now owns 135,440 shares of the company’s stock valued at $450,000 after purchasing an additional 19,550 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Community Health Systems in the 2nd quarter valued at about $1,618,000. Saba Capital Management L.P. lifted its holdings in shares of Community Health Systems by 11.4% in the 2nd quarter. Saba Capital Management L.P. now owns 8,213,005 shares of the company’s stock valued at $27,267,000 after purchasing an additional 837,427 shares during the last quarter. Paloma Partners Management Co lifted its holdings in shares of Community Health Systems by 250.0% in the 2nd quarter. Paloma Partners Management Co now owns 35,000 shares of the company’s stock valued at $116,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Continental Advisors LLC lifted its holdings in shares of Community Health Systems by 33.4% in the 2nd quarter. Continental Advisors LLC now owns 399,000 shares of the company’s stock valued at $1,325,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 98.13% of the company’s stock.

About Community Health Systems

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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