Community Health Systems, Inc. (CYH) Given Consensus Rating of “Hold” by Analysts

Shares of Community Health Systems, Inc. (NYSE:CYH) have received an average rating of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $6.15.

Several research firms have commented on CYH. Zacks Investment Research upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. ValuEngine lowered shares of Community Health Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Royal Bank Of Canada reiterated a “hold” rating and set a $5.00 price objective on shares of Community Health Systems in a research report on Tuesday, November 7th. Cantor Fitzgerald reiterated a “hold” rating and set a $6.00 price objective on shares of Community Health Systems in a research report on Sunday, November 5th. Finally, Mizuho reiterated a “hold” rating and set a $3.50 price objective on shares of Community Health Systems in a research report on Friday, November 3rd.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FrontFour Capital Group LLC purchased a new position in Community Health Systems during the 3rd quarter valued at about $113,000. California Public Employees Retirement System increased its position in Community Health Systems by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 1,645,329 shares of the company’s stock valued at $12,636,000 after purchasing an additional 167,633 shares during the period. Group One Trading L.P. grew its position in shares of Community Health Systems by 345.2% in the 3rd quarter. Group One Trading L.P. now owns 65,727 shares of the company’s stock worth $505,000 after buying an additional 50,962 shares during the last quarter. Pentwater Capital Management LP grew its position in shares of Community Health Systems by 140.0% in the 3rd quarter. Pentwater Capital Management LP now owns 240,000 shares of the company’s stock worth $1,843,000 after buying an additional 140,000 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new position in shares of Community Health Systems in the 3rd quarter worth approximately $2,327,000. 99.49% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems (CYH) opened at $4.15 on Friday. Community Health Systems has a 52 week low of $3.95 and a 52 week high of $10.51. The company has a quick ratio of 1.86, a current ratio of 2.05 and a debt-to-equity ratio of 10.62.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.47). Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the previous year, the business posted ($0.35) earnings per share. The business’s revenue was down 16.3% on a year-over-year basis. research analysts expect that Community Health Systems will post -1.25 earnings per share for the current fiscal year.

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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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