Community Health Systems, Inc. (NYSE:CYH – Get Rating) shares rose 2.1% during mid-day trading on Monday . The company traded as high as $4.88 and last traded at $4.88. Approximately 168,739 shares traded hands during trading, a decline of 89% from the average daily volume of 1,585,228 shares. The stock had previously closed at $4.78.
CYH has been the topic of a number of recent analyst reports. Credit Suisse Group reduced their target price on Community Health Systems to $10.50 in a report on Friday, June 3rd. Wells Fargo & Company started coverage on Community Health Systems in a research report on Monday, March 28th. They set an “equal weight” rating and a $12.00 price target on the stock. Citigroup dropped their price target on Community Health Systems from $18.00 to $14.00 in a research report on Friday, April 29th. Finally, StockNews.com started coverage on Community Health Systems in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Community Health Systems has an average rating of “Hold” and a consensus price target of $12.88.
The stock has a 50-day moving average of $7.74 and a 200-day moving average of $10.70. The firm has a market cap of $649.23 million, a price-to-earnings ratio of 2.16, a price-to-earnings-growth ratio of 0.91 and a beta of 1.86.
Community Health Systems (NYSE:CYH – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.16 billion. Community Health Systems had a negative return on equity of 20.58% and a net margin of 2.36%. During the same period last year, the company earned $0.36 earnings per share. On average, equities research analysts forecast that Community Health Systems, Inc. will post 1.13 EPS for the current fiscal year.
In related news, Director James S. Ely III purchased 10,000 shares of the firm’s stock in a transaction on Thursday, June 2nd. The stock was purchased at an average cost of $5.00 per share, for a total transaction of $50,000.00. Following the completion of the purchase, the director now directly owns 301,299 shares in the company, valued at $1,506,495. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.40% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors boosted its stake in shares of Community Health Systems by 195.5% during the 1st quarter. Captrust Financial Advisors now owns 5,794 shares of the company’s stock worth $69,000 after acquiring an additional 3,833 shares during the period. Nisa Investment Advisors LLC boosted its stake in Community Health Systems by 59.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,390 shares of the company’s stock valued at $119,000 after purchasing an additional 3,500 shares during the period. Janus Henderson Group PLC bought a new stake in Community Health Systems in the 3rd quarter valued at $130,000. Fox Run Management L.L.C. bought a new stake in Community Health Systems in the 4th quarter valued at $134,000. Finally, Centiva Capital LP bought a new stake in Community Health Systems in the 4th quarter valued at $139,000. Institutional investors own 78.41% of the company’s stock.
About Community Health Systems (NYSE:CYH)
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.
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