Community Health Systems (NYSE:CYH) – Analysts at Oppenheimer issued their Q1 2019 earnings estimates for shares of Community Health Systems in a report issued on Tuesday. Oppenheimer analyst M. Wiederhorn expects that the company will earn ($0.01) per share for the quarter.

CYH has been the topic of a number of other reports. Credit Suisse Group assumed coverage on shares of Community Health Systems in a research report on Thursday, November 2nd. They set an “underperform” rating and a $3.50 target price on the stock. ValuEngine lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Robert W. Baird reaffirmed a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $6.00 target price on shares of Community Health Systems in a research report on Friday, October 13th. Finally, Mizuho reaffirmed a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Thursday, October 12th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Community Health Systems has a consensus rating of “Hold” and an average target price of $6.21.

Shares of Community Health Systems (NYSE CYH) traded up $0.06 during trading hours on Thursday, hitting $5.15. 4,035,318 shares of the stock were exchanged, compared to its average volume of 4,479,250. The stock has a market capitalization of $590.84, a price-to-earnings ratio of -0.88 and a beta of 1.42. Community Health Systems has a fifty-two week low of $3.85 and a fifty-two week high of $10.51. The company has a current ratio of 2.05, a quick ratio of 1.86 and a debt-to-equity ratio of 10.62.

Community Health Systems (NYSE:CYH) last issued its earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.47). The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The business’s revenue was down 16.3% compared to the same quarter last year. During the same period last year, the business posted ($0.35) earnings per share.

In other Community Health Systems news, major shareholder Tian Qiao Chen acquired 406,069 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were bought at an average cost of $4.00 per share, with a total value of $1,624,276.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have purchased 1,980,484 shares of company stock worth $7,878,489. 4.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Community Health Systems by 4.3% during the second quarter. Vanguard Group Inc. now owns 10,377,548 shares of the company’s stock valued at $103,361,000 after buying an additional 424,006 shares during the period. Dimensional Fund Advisors LP increased its holdings in Community Health Systems by 31.3% during the third quarter. Dimensional Fund Advisors LP now owns 6,508,663 shares of the company’s stock valued at $49,986,000 after buying an additional 1,551,499 shares during the period. JPMorgan Chase & Co. increased its holdings in Community Health Systems by 226.4% during the third quarter. JPMorgan Chase & Co. now owns 4,228,000 shares of the company’s stock valued at $31,880,000 after buying an additional 2,932,700 shares during the period. Royce & Associates LP increased its holdings in Community Health Systems by 10.0% during the third quarter. Royce & Associates LP now owns 2,482,295 shares of the company’s stock valued at $19,064,000 after buying an additional 226,500 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Community Health Systems by 11.3% during the third quarter. California Public Employees Retirement System now owns 1,645,329 shares of the company’s stock valued at $12,636,000 after buying an additional 167,633 shares during the period.

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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.

Earnings History and Estimates for Community Health Systems (NYSE:CYH)

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