Community Health Systems (CYH) Rating Lowered to Sell at ValuEngine

ValuEngine downgraded shares of Community Health Systems (NYSE:CYH) from a hold rating to a sell rating in a report published on Friday morning.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Community Health Systems from a hold rating to a sell rating in a research note on Monday, December 18th. JPMorgan Chase & Co. downgraded shares of Community Health Systems from a neutral rating to an underweight rating in a research report on Thursday, December 14th. Royal Bank of Canada reissued a hold rating and issued a $5.00 price objective on shares of Community Health Systems in a research report on Tuesday, November 7th. Cantor Fitzgerald reissued a hold rating and issued a $6.00 price objective on shares of Community Health Systems in a research report on Sunday, November 5th. Finally, Mizuho reissued a hold rating and issued a $3.50 price objective on shares of Community Health Systems in a research report on Friday, November 3rd. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Community Health Systems currently has an average rating of Hold and an average price target of $6.47.

Shares of Community Health Systems (NYSE:CYH) opened at $4.04 on Friday. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86. Community Health Systems has a 52 week low of $3.85 and a 52 week high of $10.51. The stock has a market cap of $463.50, a price-to-earnings ratio of -0.68 and a beta of 1.42.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.47). Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the firm posted ($0.35) earnings per share. The firm’s quarterly revenue was down 16.3% on a year-over-year basis. equities research analysts anticipate that Community Health Systems will post -1.25 earnings per share for the current fiscal year.

In related news, major shareholder Tian Qiao Chen bought 100,164 shares of Community Health Systems stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average price of $3.96 per share, with a total value of $396,649.44. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. FrontFour Capital Group LLC bought a new stake in Community Health Systems in the 3rd quarter valued at about $113,000. California Public Employees Retirement System boosted its holdings in Community Health Systems by 11.3% in the 3rd quarter. California Public Employees Retirement System now owns 1,645,329 shares of the company’s stock valued at $12,636,000 after purchasing an additional 167,633 shares during the period. Group One Trading L.P. boosted its holdings in Community Health Systems by 345.2% in the 3rd quarter. Group One Trading L.P. now owns 65,727 shares of the company’s stock valued at $505,000 after purchasing an additional 50,962 shares during the period. Pentwater Capital Management LP boosted its holdings in Community Health Systems by 140.0% in the 3rd quarter. Pentwater Capital Management LP now owns 240,000 shares of the company’s stock valued at $1,843,000 after purchasing an additional 140,000 shares during the period. Finally, Vident Investment Advisory LLC bought a new stake in Community Health Systems in the 3rd quarter valued at about $2,327,000. 94.72% of the stock is owned by institutional investors and hedge funds.

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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.

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Analyst Recommendations for Community Health Systems (NYSE:CYH)

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