A number of other analysts have also issued reports on CYH. Zacks Investment Research lowered Community Health Systems from a hold rating to a strong sell rating in a report on Thursday, January 19th. Robert W. Baird upgraded Community Health Systems from an underperform rating to a neutral rating and increased their target price for the company from $5.00 to $9.00 in a report on Wednesday, February 22nd. Jefferies Group LLC reiterated a hold rating and set a $8.00 price objective on shares of Community Health Systems in a report on Tuesday, February 21st. Cantor Fitzgerald increased their price objective on Community Health Systems from $7.00 to $8.00 and gave the stock a neutral rating in a report on Wednesday, February 22nd. Finally, Piper Jaffray Companies lowered Community Health Systems from a neutral rating to an underweight rating and cut their price objective for the stock from $10.00 to $7.00 in a report on Wednesday, March 1st. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $8.82.
Shares of Community Health Systems (NYSE:CYH) traded down 1.32% during trading on Wednesday, reaching $8.24. The company had a trading volume of 2,622,255 shares. Community Health Systems has a 12 month low of $4.15 and a 12 month high of $17.73. The stock’s market capitalization is $913.87 million. The stock’s 50-day moving average price is $9.04 and its 200-day moving average price is $7.50.
Community Health Systems (NYSE:CYH) last released its earnings results on Monday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.32. The company earned $4.47 billion during the quarter, compared to analyst estimates of $4.42 billion. Community Health Systems had a negative return on equity of 0.94% and a negative net margin of 8.44%. During the same quarter in the prior year, the company earned ($0.28) earnings per share. Equities analysts forecast that Community Health Systems will post $0.54 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Horrell Capital Management Inc. boosted its position in shares of Community Health Systems by 0.5% in the third quarter. Horrell Capital Management Inc. now owns 26,990 shares of the company’s stock worth $311,000 after buying an additional 128 shares in the last quarter. California Public Employees Retirement System boosted its position in Community Health Systems by 24.8% in the third quarter. California Public Employees Retirement System now owns 795,696 shares of the company’s stock worth $9,182,000 after buying an additional 157,900 shares during the period. Denali Advisors LLC boosted its position in Community Health Systems by 64.2% in the third quarter. Denali Advisors LLC now owns 31,700 shares of the company’s stock worth $366,000 after buying an additional 12,400 shares during the period. Hartwell J M Limited Partnership purchased a new position in Community Health Systems during the third quarter worth about $196,000. Finally, Capital Fund Management S.A. purchased a new position in Community Health Systems during the third quarter worth about $3,325,000.
About Community Health Systems
Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.
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