Community Health Systems (NYSE:CYH) Shares Gap Down – What’s Next?

Community Health Systems, Inc. (NYSE:CYH)’s share price gapped down prior to trading on Friday . The stock had previously closed at $3.75, but opened at $3.62. Community Health Systems shares last traded at $3.60, with a volume of 821,986 shares traded.

Wall Street Analysts Forecast Growth

CYH has been the subject of a number of analyst reports. Barclays increased their price objective on Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. UBS Group raised their price target on shares of Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Raymond James downgraded shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Friday. Wells Fargo & Company raised their target price on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.18.

Community Health Systems Price Performance

The stock’s 50 day moving average is $5.02 and its 200-day moving average is $4.50. The company has a market capitalization of $507.17 million, a P/E ratio of -1.21 and a beta of 1.60.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the firm posted ($0.33) EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Community Health Systems, Inc. will post -0.52 EPS for the current year.

Institutional Trading of Community Health Systems

A number of hedge funds have recently modified their holdings of CYH. SG Americas Securities LLC lifted its position in Community Health Systems by 384.7% during the 2nd quarter. SG Americas Securities LLC now owns 212,852 shares of the company’s stock valued at $715,000 after acquiring an additional 168,941 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Community Health Systems by 301.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 334,189 shares of the company’s stock worth $2,029,000 after purchasing an additional 250,909 shares in the last quarter. Vanguard Group Inc. increased its position in Community Health Systems by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company’s stock valued at $28,436,000 after buying an additional 28,669 shares in the last quarter. Hood River Capital Management LLC bought a new position in Community Health Systems in the 2nd quarter worth about $789,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Community Health Systems during the second quarter valued at approximately $871,000. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Company Profile

Community Health Systems, Inc 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.