Community Health Systems, Inc. (NYSE:CYH)‘s stock had its “hold” rating reissued by analysts at Mizuho in a research report issued on Thursday. They currently have a $7.00 price target on the stock. Mizuho’s target price points to a potential upside of 21.32% from the company’s previous close.

A number of other equities research analysts have also recently commented on CYH. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research report on Thursday. Robert W. Baird reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research report on Wednesday, October 4th. Royal Bank Of Canada reiterated a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research report on Friday, August 4th. Finally, Deutsche Bank AG reduced their target price on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.56.

Shares of Community Health Systems (CYH) opened at 5.77 on Thursday. The firm has a 50-day moving average of $7.26 and a 200-day moving average of $8.37. The company’s market capitalization is $645.87 million. Community Health Systems has a one year low of $4.15 and a one year high of $10.67.

Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, August 1st. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.31). The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.14 billion. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. Community Health Systems’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. Analysts forecast that Community Health Systems will post ($0.37) earnings per share for the current year.

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In related news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the company’s stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $7.27 per share, for a total transaction of $71,005,341.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC increased its position in shares of Community Health Systems by 105.0% during the second quarter. Verition Fund Management LLC now owns 56,589 shares of the company’s stock valued at $564,000 after acquiring an additional 28,989 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Community Health Systems during the second quarter valued at about $247,000. Sterling Capital Management LLC increased its position in shares of Community Health Systems by 44.9% during the second quarter. Sterling Capital Management LLC now owns 39,069 shares of the company’s stock valued at $389,000 after acquiring an additional 12,097 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Community Health Systems during the second quarter valued at about $244,000. Finally, Gotham Asset Management LLC increased its position in shares of Community Health Systems by 102.8% during the second quarter. Gotham Asset Management LLC now owns 963,388 shares of the company’s stock valued at $9,595,000 after acquiring an additional 488,336 shares during the last quarter. Institutional investors and hedge funds own 94.69% of the company’s stock.

Community Health Systems Company Profile

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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