Community Health Systems (CYH) Lowered to Sell at Vetr Inc.

Vetr downgraded shares of Community Health Systems (NYSE:CYH) from a hold rating to a sell rating in a research report released on Monday, April 17th. Vetr currently has $8.62 price target on the stock.

A number of other research firms have also commented on CYH. Piper Jaffray Companies initiated coverage on Community Health Systems in a research report on Wednesday, January 4th. They issued a neutral rating and a $6.00 price target for the company. Zacks Investment Research raised Community Health Systems from a strong sell rating to a hold rating in a research report on Tuesday, January 31st. Mizuho lowered their price target on Community Health Systems from $10.00 to $7.50 and set a neutral rating for the company in a research report on Monday, March 27th. Barclays PLC reissued a hold rating and issued a $7.00 price target on shares of Community Health Systems in a research report on Monday, January 9th. Finally, Deutsche Bank AG initiated coverage on Community Health Systems in a research report on Wednesday, April 5th. They issued a hold rating and a $11.00 price target for the company. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. Community Health Systems presently has an average rating of Hold and an average price target of $8.82.

Community Health Systems (NYSE:CYH) traded up 4.08% during mid-day trading on Monday, hitting $10.20. 3,063,262 shares of the stock were exchanged. The stock has a 50 day moving average price of $8.90 and a 200 day moving average price of $7.31. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $15.52. The company’s market capitalization is $1.14 billion.

Community Health Systems (NYSE:CYH) last issued its earnings results on Monday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Community Health Systems had a negative return on equity of 0.94% and a negative net margin of 8.44%. The company had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the business earned $0.27 EPS. Community Health Systems’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Community Health Systems will post $0.44 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the stock. BlackRock Investment Management LLC increased its stake in shares of Community Health Systems by 0.5% in the third quarter. BlackRock Investment Management LLC now owns 737,940 shares of the company’s stock worth $8,516,000 after buying an additional 3,427 shares during the period. BlackRock Advisors LLC increased its stake in shares of Community Health Systems by 11.1% in the third quarter. BlackRock Advisors LLC now owns 59,143 shares of the company’s stock worth $683,000 after buying an additional 5,926 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Community Health Systems by 2.9% in the third quarter. UBS Asset Management Americas Inc. now owns 183,456 shares of the company’s stock worth $2,117,000 after buying an additional 5,100 shares during the period. Lucus Advisors LLC acquired a new stake in shares of Community Health Systems during the third quarter worth about $406,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Community Health Systems by 20.9% in the third quarter. PNC Financial Services Group Inc. now owns 8,738 shares of the company’s stock worth $101,000 after buying an additional 1,510 shares during the period.

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.

5 Day Chart for NYSE:CYH

To view Vetr’s full report, visit Vetr’s official website.

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