Community Health Systems Inc. (CYH) Trading 3.8% Higher
Community Health Systems Inc. (NYSE:CYH) shares traded up 3.8% on Thursday . The stock traded as high as $13.37 and last traded at $13.27, with a volume of 3,668,063 shares. The stock had previously closed at $12.79.
Several research analysts have recently weighed in on the company. Leerink Swann upgraded Community Health Systems from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Tuesday, May 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Community Health Systems in a report on Tuesday, May 3rd. Barclays PLC cut their price objective on Community Health Systems from $32.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, June 1st. Raymond James Financial Inc. lowered Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Wednesday, June 1st. Finally, Zacks Investment Research raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Community Health Systems presently has an average rating of “Hold” and a consensus target price of $23.63.
The company has a market cap of $1.45 billion and a price-to-earnings ratio of 16.51. The stock’s 50 day moving average price is $12.93 and its 200 day moving average price is $14.46.
Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Monday, May 2nd. The company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.47. The business earned $5 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the firm earned $0.85 EPS. Analysts predict that Community Health Systems Inc. will post $2.24 EPS for the current year.
In other Community Health Systems news, Director H Mitchell Watson, Jr. sold 5,600 shares of Community Health Systems stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $13.42, for a total transaction of $75,152.00. Following the completion of the transaction, the director now owns 6,509 shares in the company, valued at approximately $87,350.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Several institutional investors recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in Community Health Systems by 0.7% in the fourth quarter. Rhumbline Advisers now owns 174,096 shares of the company’s stock worth $4,619,000 after buying an additional 1,274 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Community Health Systems by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 376,660 shares of the company’s stock worth $9,992,000 after buying an additional 2,009 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its stake in Community Health Systems by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 76,151 shares of the company’s stock worth $2,020,000 after buying an additional 25,853 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Community Health Systems by 166.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 43,467 shares of the company’s stock worth $1,153,000 after buying an additional 27,166 shares during the period. Finally, State of Wisconsin Investment Board boosted its stake in Community Health Systems by 40.3% in the fourth quarter. State of Wisconsin Investment Board now owns 165,798 shares of the company’s stock worth $4,399,000 after buying an additional 47,650 shares during the period.
Community Health Systems, Inc is a hospital company and an operator of acute care hospitals in communities across the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. It operates in two operating segments: hospital operations and home care agencies operations.
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