Community Health Systems (NYSE:CYH) PT Lowered to $4.50

Community Health Systems (NYSE:CYH) had its target price cut by Oppenheimer from $5.50 to $4.50 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 48.51% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Barclays began coverage on shares of Community Health Systems in a research report on Wednesday, March 6th. They set an “equal weight” rating and a $3.00 price target on the stock. StockNews.com upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.00.

Community Health Systems Price Performance

CYH opened at $3.03 on Thursday. Community Health Systems has a fifty-two week low of $2.01 and a fifty-two week high of $6.53. The firm’s fifty day moving average price is $3.09 and its two-hundred day moving average price is $3.05. The company has a market capitalization of $421.11 million, a P/E ratio of -2.94 and a beta of 1.52.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.16 billion. Community Health Systems had a negative net margin of 1.07% and a negative return on equity of 5.51%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 earnings per share. On average, equities research analysts expect that Community Health Systems will post -0.45 EPS for the current fiscal year.

Institutional Trading of Community Health Systems

Institutional investors have recently bought and sold shares of the business. Invesco Ltd. boosted its stake in Community Health Systems by 16.4% during the 3rd quarter. Invesco Ltd. now owns 6,239,749 shares of the company’s stock worth $18,095,000 after acquiring an additional 879,784 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Community Health Systems by 14.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,583,032 shares of the company’s stock valued at $17,475,000 after buying an additional 701,036 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Community Health Systems by 26.0% in the third quarter. First Eagle Investment Management LLC now owns 1,456,121 shares of the company’s stock valued at $4,223,000 after buying an additional 300,115 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Community Health Systems by 20.5% in the third quarter. Teacher Retirement System of Texas now owns 1,715,268 shares of the company’s stock valued at $4,974,000 after buying an additional 292,351 shares in the last quarter. Finally, Pathstone Family Office LLC bought a new position in Community Health Systems in the third quarter valued at approximately $469,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.