Community Health Systems, Inc. (NYSE:CYH – Get Rating)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $4.11, but opened at $4.45. Community Health Systems shares last traded at $4.98, with a volume of 87,176 shares traded.
Analyst Ratings Changes
A number of research firms recently commented on CYH. Bank of America downgraded Community Health Systems from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $7.50 to $5.50 in a research note on Wednesday, June 15th. Citigroup cut their price target on Community Health Systems from $18.00 to $14.00 in a report on Friday, April 29th. Credit Suisse Group set a $8.00 price target on Community Health Systems in a report on Tuesday, July 19th. StockNews.com began coverage on Community Health Systems in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Wells Fargo & Company began coverage on Community Health Systems in a report on Monday, March 28th. They set an “equal weight” rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.88.
Community Health Systems Trading Up 19.2 %
The firm’s fifty day moving average price is $4.61 and its 200 day moving average price is $8.88. The firm has a market capitalization of $659.98 million, a PE ratio of 2.21, a PEG ratio of 0.24 and a beta of 1.95.
Community Health Systems (NYSE:CYH – Get Rating) last released its earnings results on Wednesday, April 27th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.16 billion. Community Health Systems had a net margin of 2.36% and a negative return on equity of 20.58%. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, research analysts expect that Community Health Systems, Inc. will post 0.91 EPS for the current year.
Insider Activity
In other Community Health Systems news, Director James S. Ely III bought 10,000 shares of the stock in a transaction that occurred on Thursday, June 2nd. The shares were acquired at an average price of $5.00 per share, with a total value of $50,000.00. Following the completion of the purchase, the director now directly owns 301,299 shares in the company, valued at approximately $1,506,495. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.40% of the stock is owned by company insiders.
Institutional Trading of Community Health Systems
Several large investors have recently added to or reduced their stakes in CYH. Red Door Wealth Management LLC acquired a new position in Community Health Systems in the second quarter valued at approximately $47,000. Captrust Financial Advisors raised its holdings in shares of Community Health Systems by 195.5% during the first 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. Range Financial Group LLC raised its holdings in shares of Community Health Systems by 35.9% during the second quarter. Range Financial Group LLC now owns 19,546 shares of the company’s stock worth $73,000 after acquiring an additional 5,164 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Community Health Systems by 61.2% during the second quarter. Commonwealth Equity Services LLC now owns 27,657 shares of the company’s stock worth $103,000 after acquiring an additional 10,500 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Community Health Systems by 59.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 9,390 shares of the company’s stock worth $119,000 after acquiring an additional 3,500 shares during the period. 78.41% of the stock is owned by institutional investors.
Community Health Systems Company Profile
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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Source: defenseworld.net
