Community Health Systems’ (CYH) Hold Rating Reiterated at Leerink Swann
Other analysts also recently issued research reports about the company. Mizuho upgraded Community Health Systems from an underperform rating to a neutral rating and set a $10.50 target price for the company in a research note on Friday, August 12th. Ladenburg Thalmann raised Community Health Systems from a not rated rating to an underperform rating in a report on Monday, June 13th. Barclays PLC cut their price target on Community Health Systems from $17.00 to $15.00 and set an equal weight rating for the company in a report on Thursday, August 4th. Zacks Investment Research raised Community Health Systems from a strong sell rating to a hold rating in a report on Tuesday, July 26th. Finally, Jefferies Group reaffirmed a hold rating on shares of Community Health Systems in a report on Wednesday, August 10th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $16.32.
Community Health Systems (NYSE:CYH) opened at 10.20 on Tuesday. Community Health Systems has a 12 month low of $9.66 and a 12 month high of $38.89. The firm’s market cap is $1.13 billion. The firm’s 50-day moving average price is $10.88 and its 200-day moving average price is $13.28.
Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.47. Community Health Systems had a negative net margin of 7.55% and a positive return on equity of 2.10%. The business had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.53 billion. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts predict that Community Health Systems will post $1.34 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Bank of Australia bought a new position in Community Health Systems during the second quarter valued at about $112,000. Advisors Asset Management Inc. raised its position 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. Acrospire Investment Management LLC bought a new position in Community Health Systems during the second quarter valued at about $131,000. Tower Research Capital LLC TRC raised its position in Community Health Systems by 282.7% in the second quarter. Tower Research Capital LLC TRC now owns 11,301 shares of the company’s stock valued at $136,000 after buying an additional 8,348 shares in the last quarter. Finally, Atria Investments LLC bought a new position in Community Health Systems during the second quarter valued at about $157,000. Institutional investors and hedge funds own 96.57% of the company’s stock.
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.
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