Community Health Systems, Inc. (CYH) Now Covered by Analysts at Credit Suisse Group

Credit Suisse Group assumed coverage on shares of Community Health Systems, Inc. (NYSE:CYH) in a research report report published on Thursday morning. The brokerage issued an underperform rating and a $3.50 price target on the stock.

A number of other research analysts have also recently commented on the company. Jefferies Group LLC restated a hold rating and issued a $7.00 price target on shares of Community Health Systems in a research report on Tuesday, September 5th. Robert W. Baird restated a hold rating and issued a $7.00 price target on shares of Community Health Systems in a research report on Friday, September 1st. ValuEngine upgraded Community Health Systems from a sell rating to a hold rating in a research report on Friday, October 27th. Zacks Investment Research upgraded Community Health Systems from a sell rating to a hold rating in a research report on Friday, July 21st. Finally, Mizuho restated a hold rating and issued a $7.00 price target on shares of Community Health Systems in a research report on Thursday, October 12th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $6.88.

Community Health Systems (CYH) traded down $0.14 on Thursday, hitting $4.40. The stock had a trading volume of 6,225,860 shares, compared to its average volume of 4,401,058. The company has a current ratio of 2.05, a quick ratio of 1.94 and a debt-to-equity ratio of 10.62.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.47). Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the business posted ($0.35) EPS. The firm’s revenue for the quarter was down 16.3% on a year-over-year basis. research analysts forecast that Community Health Systems will post -0.29 EPS for the current fiscal year.

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In other news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of Community Health Systems stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $7.27 per share, for a total transaction of $71,005,341.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its holdings in shares of Community Health Systems by 89.0% during the third quarter. BNP Paribas Arbitrage SA now owns 111,611 shares of the company’s stock worth $857,000 after purchasing an additional 52,572 shares during the last quarter. IndexIQ Advisors LLC grew its holdings in shares of Community Health Systems by 83.0% during the third quarter. IndexIQ Advisors LLC now owns 97,715 shares of the company’s stock worth $750,000 after purchasing an additional 44,333 shares during the last quarter. ARP Americas LLC bought a new stake in shares of Community Health Systems during the third quarter worth about $121,000. Nationwide Fund Advisors grew its holdings in shares of Community Health Systems by 70.3% during the third quarter. Nationwide Fund Advisors now owns 548,805 shares of the company’s stock worth $4,215,000 after purchasing an additional 226,528 shares during the last quarter. Finally, Fox Run Management L.L.C. grew its holdings in shares of Community Health Systems by 499.2% during the third quarter. Fox Run Management L.L.C. now owns 76,100 shares of the company’s stock worth $584,000 after purchasing an additional 63,400 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.

About Community Health Systems

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.

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