Piper Jaffray Companies restated their sell rating on shares of Community Health Systems, Inc. (NYSE:CYH) in a research report released on Wednesday morning. The brokerage currently has a $9.00 target price on the stock.

Other equities analysts have also recently issued reports about the stock. Vetr upgraded shares of Community Health Systems from a hold rating to a buy rating and set a $8.62 target price for the company in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Community Health Systems from a hold rating to a buy rating and set a $11.00 target price for the company in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Community Health Systems from a sell rating to a hold rating in a research report on Tuesday, June 27th. Deutsche Bank AG initiated coverage on shares of Community Health Systems in a research report on Wednesday, April 5th. They issued a hold rating and a $11.00 target price for the company. Finally, Morgan Stanley initiated coverage on shares of Community Health Systems in a research report on Tuesday, June 6th. They issued an underweight rating and a $9.50 target price for the company. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $8.74.

Shares of Community Health Systems (NYSE:CYH) traded down 14.89% during mid-day trading on Wednesday, reaching $7.20. 9,100,600 shares of the company’s stock traded hands. The stock’s market cap is $805.68 million. Community Health Systems has a 12 month low of $4.15 and a 12 month high of $13.37. The firm has a 50 day moving average price of $9.24 and a 200-day moving average price of $8.66.

Community Health Systems (NYSE:CYH) last issued its earnings results on Monday, May 1st. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Community Health Systems had a negative net margin of 10.77% and a positive return on equity of 1.79%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. On average, analysts predict that Community Health Systems will post $0.36 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Community Health Systems during the fourth quarter worth $606,000. State of Tennessee Treasury Department raised its stake in Community Health Systems by 138.4% in the first quarter. State of Tennessee Treasury Department now owns 217,398 shares of the company’s stock worth $1,929,000 after buying an additional 126,208 shares during the last quarter. Nationwide Fund Advisors raised its stake in Community Health Systems by 214.9% in the first quarter. Nationwide Fund Advisors now owns 238,001 shares of the company’s stock worth $2,111,000 after buying an additional 162,431 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Community Health Systems by 47.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 271,332 shares of the company’s stock worth $1,516,000 after buying an additional 87,876 shares during the last quarter. Finally, Airain ltd acquired a new stake in Community Health Systems during the first quarter worth $126,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

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