Piper Jaffray Companies restated their sell rating on shares of Community Health Systems, Inc. (NYSE:CYH) in a report released on Thursday. Piper Jaffray Companies currently has a $6.00 target price on the stock.

A number of other research firms also recently issued reports on CYH. Zacks Investment Research upgraded shares of Community Health Systems from a sell rating to a hold rating in a report on Friday, July 21st. Jefferies Group LLC restated a hold rating and issued a $7.00 target price on shares of Community Health Systems in a report on Sunday, July 30th. Mizuho restated a neutral rating and issued a $7.00 target price (down from $7.50) on shares of Community Health Systems in a report on Wednesday. BidaskClub upgraded shares of Community Health Systems from a sell rating to a hold rating in a research note on Tuesday, June 27th. Finally, Vetr upgraded shares of Community Health Systems from a sell rating to a hold rating and set a $8.62 price objective for the company in a research note on Monday, April 10th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. Community Health Systems has a consensus rating of Hold and a consensus price target of $8.34.

Community Health Systems (NYSE CYH) traded up 0.31% during trading on Thursday, hitting $6.52. 3,012,111 shares of the company were exchanged. Community Health Systems has a 12 month low of $4.15 and a 12 month high of $13.28. The company has a 50-day moving average of $9.08 and a 200-day moving average of $8.69. The company’s market capitalization is $730.24 million.

Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.31. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Community Health Systems’s revenue for the quarter was down 9.7% compared to the same quarter last year. Analysts forecast that Community Health Systems will post ($0.08) EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Community Health Systems by 38,765.3% in the first quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock valued at $130,263,000 after buying an additional 14,647,864 shares during the period. Laurion Capital Management LP increased its position in shares of Community Health Systems by 101.3% in the first quarter. Laurion Capital Management LP now owns 22,528 shares of the company’s stock valued at $200,000 after buying an additional 1,771,843 shares during the period. Vanguard Group Inc. increased its position in shares of Community Health Systems by 15.2% in the first quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock valued at $88,288,000 after buying an additional 1,312,513 shares during the period. JPMorgan Chase & Co. increased its position in shares of Community Health Systems by 440.5% in the first quarter. JPMorgan Chase & Co. now owns 1,376,762 shares of the company’s stock valued at $12,212,000 after buying an additional 1,122,027 shares during the period. Finally, Point72 Asset Management L.P. increased its position in shares of Community Health Systems by 315.5% in the first quarter. Point72 Asset Management L.P. now owns 1,344,100 shares of the company’s stock valued at $11,922,000 after buying an additional 1,020,600 shares during the period. Institutional investors and hedge funds own 95.29% of the company’s stock.

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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