Community Health Systems, Inc. (NYSE:CYH – Get Rating)'s stock price traded down 5.1% during mid-day trading on Tuesday . The company traded as low as $4.47 and last traded at $4.51. 1,635,152 shares were traded during mid-day trading, a decline of 28% from the average session volume of 2,280,215 shares. The stock had previously closed at $4.75.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Community Health Systems from $3.00 to $4.50 and gave the company an "equal weight" rating in a research report on Tuesday, January 3rd. StockNews.com initiated coverage on Community Health Systems in a research report on Wednesday, October 12th. They set a "sell" rating on the stock. Oppenheimer boosted their price target on Community Health Systems from $5.00 to $5.50 and gave the stock an "outperform" rating in a research report on Thursday, January 19th. Finally, Credit Suisse Group lowered their price target on Community Health Systems from $4.00 to $3.30 and set a "neutral" rating on the stock in a research report on Wednesday, November 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Community Health Systems has a consensus rating of "Hold" and a consensus price target of $4.97.
Get Community Health Systems alerts:Community Health Systems Price Performance
The business has a 50-day simple moving average of $3.90 and a two-hundred day simple moving average of $3.33. The stock has a market cap of $606.21 million, a price-to-earnings ratio of -3.08 and a beta of 1.81.
Community Health Systems (NYSE:CYH – Get Rating) last posted its earnings results on Wednesday, October 26th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.57). The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.06 billion. As a group, equities analysts anticipate that Community Health Systems, Inc. will post -2.49 earnings per share for the current fiscal year.Hedge Funds Weigh In On Community Health Systems
Institutional investors and hedge funds have recently made changes to their positions in the company. Teza Capital Management LLC acquired a new position in shares of Community Health Systems in the third quarter valued at approximately $27,000. Ellis Investment Partners LLC boosted its stake in shares of Community Health Systems by 109.1% in the second quarter. Ellis Investment Partners LLC now owns 9,200 shares of the company's stock valued at $34,000 after buying an additional 4,800 shares during the period. Vantage Consulting Group Inc boosted its stake in shares of Community Health Systems by 66.1% in the third quarter. Vantage Consulting Group Inc now owns 18,484 shares of the company's stock valued at $40,000 after buying an additional 7,353 shares during the period. Pathstone Family Office LLC bought a new stake in shares of Community Health Systems in the third quarter valued at approximately $42,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Community Health Systems in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 81.10% of the company's stock.
Community Health Systems Company Profile
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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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