Community Health Systems Inc. (NYSE:CYH)’s share price fell 7% during trading on Monday . The stock traded as low as $11.40 and last traded at $11.43, with a volume of 10,280,900 shares. The stock had previously closed at $12.29.

Several brokerages have recently commented on CYH. Leerink Swann lowered shares of Community Health Systems from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $21.00 to $13.00 in a report on Tuesday, August 9th. Ladenburg Thalmann upgraded shares of Community Health Systems from a “not rated” rating to an “underperform” rating in a report on Monday, June 13th. Mizuho upgraded shares of Community Health Systems from an “underperform” rating to a “neutral” rating and set a $10.50 target price on the stock in a report on Friday, August 12th. Barclays PLC reduced their target price on shares of Community Health Systems from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, August 4th. Finally, Zacks Investment Research upgraded shares of Community Health Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 26th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.32.

The company has a 50 day moving average of $11.00 and a 200-day moving average of $13.33. The stock’s market capitalization is $1.19 billion.

Community Health Systems (NYSE:CYH) last posted its earnings results on Tuesday, August 2nd. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.47. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. The firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.53 billion. Community Health Systems’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities analysts expect that Community Health Systems Inc. will post $1.34 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of CYH. State Treasurer State of Michigan boosted its stake in Community Health Systems by 0.7% in the second quarter. State Treasurer State of Michigan now owns 45,294 shares of the company’s stock valued at $546,000 after buying an additional 300 shares in the last quarter. Chicago Equity Partners LLC boosted its stake in Community Health Systems by 1.1% in the second quarter. Chicago Equity Partners LLC now owns 54,885 shares of the company’s stock valued at $661,000 after buying an additional 580 shares in the last quarter. Globeflex Capital L P boosted its stake in Community Health Systems by 3.0% in the second quarter. Globeflex Capital L P now owns 31,034 shares of the company’s stock valued at $374,000 after buying an additional 891 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Community Health Systems by 9.6% in the second quarter. Advisors Asset Management Inc. now owns 10,750 shares of the company’s stock valued at $130,000 after buying an additional 939 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Community Health Systems by 8.9% in the second quarter. Teacher Retirement System of Texas now owns 15,806 shares of the company’s stock valued at $190,000 after buying an additional 1,287 shares in the last quarter. 96.57% of the stock is currently 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.

5 Day Chart for NYSE:CYH

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