Shares of Community Health Systems, Inc. (NYSE:CYH – Get Rating) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $4.88.
CYH has been the topic of a number of recent research reports. Oppenheimer lowered their price target on shares of Community Health Systems to $5.00 in a research report on Tuesday, November 1st. Wells Fargo & Company boosted their price target on shares of Community Health Systems from $3.00 to $4.50 and gave the stock an “equal weight” rating in a research report on Tuesday. Credit Suisse Group lowered their price target on shares of Community Health Systems from $4.00 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday, November 23rd. Finally, StockNews.com initiated coverage on shares of Community Health Systems in a research report on Wednesday, October 12th. They set a “sell” rating on the stock.
Hedge Funds Weigh In On Community Health Systems
Several institutional investors and hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund boosted its holdings in Community Health Systems by 3.4% in the 2nd quarter. Texas Permanent School Fund now owns 91,012 shares of the company’s stock valued at $341,000 after purchasing an additional 2,973 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Community Health Systems by 18.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 21,265 shares of the company’s stock worth $80,000 after acquiring an additional 3,371 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Community Health Systems by 195.5% in the 1st quarter. Captrust Financial Advisors now owns 5,794 shares of the company’s stock worth $69,000 after acquiring an additional 3,833 shares during the last quarter. Ellis Investment Partners LLC lifted its holdings in shares of Community Health Systems by 109.1% in the 2nd quarter. Ellis Investment Partners LLC now owns 9,200 shares of the company’s stock worth $34,000 after acquiring an additional 4,800 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Community Health Systems by 2.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 212,181 shares of the company’s stock worth $456,000 after acquiring an additional 5,116 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.
Community Health Systems Stock Up 2.6 %
CYH stock opened at $4.76 on Friday. The stock has a market capitalization of $641.23 million, a P/E ratio of -3.15 and a beta of 1.81. The firm has a 50-day simple moving average of $3.56 and a 200-day simple moving average of $3.30. Community Health Systems has a 52 week low of $1.88 and a 52 week high of $14.74.
Community Health Systems (NYSE:CYH – Get Rating) last released its earnings results on Wednesday, October 26th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.57). The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.06 billion. On average, analysts expect that Community Health Systems will post -2.49 earnings per share for the current year.
About Community Health Systems
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.
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