Community Health Systems (NYSE:CYH) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of Community Health Systems (NYSE:CYH) from a hold rating to a sell rating in a report published on Thursday.

Several other equities research analysts have also commented on CYH. UBS Group boosted their price objective on Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Oppenheimer increased their price objective on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Wells Fargo & Company lifted their target price on shares of Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Barclays raised their price target on shares of Community Health Systems from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price objective on shares of Community Health Systems in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Community Health Systems presently has a consensus rating of “Hold” and an average price target of $5.18.

Community Health Systems Price Performance

Community Health Systems stock opened at $4.49 on Thursday. Community Health Systems has a 12 month low of $2.28 and a 12 month high of $6.29. The stock has a market capitalization of $623.88 million, a PE ratio of -1.49 and a beta of 1.60. The business has a 50 day simple moving average of $5.34 and a 200-day simple moving average of $4.45.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.08 billion. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.33) earnings per share. On average, equities research analysts anticipate that Community Health Systems will post -0.52 EPS for the current fiscal year.

Institutional Trading of Community Health Systems

Several hedge funds have recently made changes to their positions in the company. Signaturefd LLC acquired a new position in Community Health Systems in the third quarter valued at approximately $33,000. nVerses Capital LLC purchased a new position in shares of Community Health Systems during the 2nd quarter worth $25,000. DekaBank Deutsche Girozentrale purchased a new stake in Community Health Systems in the 2nd quarter valued at about $33,000. CWM LLC lifted its position in Community Health Systems by 32.1% in the third quarter. CWM LLC now owns 12,191 shares of the company’s stock valued at $74,000 after buying an additional 2,961 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Community Health Systems during the second quarter valued at about $45,000. Hedge funds and other institutional investors 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.