Community Health Systems (CYH) Trading Up 5.4%

Community Health Systems (NYSE:CYH) shares were up 5.4% during mid-day trading on Monday . The company traded as high as $3.98 and last traded at $3.90. Approximately 1,887,087 shares changed hands during trading, an increase of 4% from the average daily volume of 1,807,203 shares. The stock had previously closed at $3.70.

A number of research analysts have recently issued reports on CYH shares. ValuEngine cut Community Health Systems from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research cut Community Health Systems from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Cantor Fitzgerald cut their target price on Community Health Systems from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 31st. Finally, UBS Group began coverage on Community Health Systems in a research note on Thursday, November 15th. They issued a “sell” rating and a $2.00 target price on the stock. Five research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.50.

The company has a market capitalization of $430.25 million, a PE ratio of -3.21 and a beta of 2.51.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Texas Permanent School Fund grew its stake in shares of Community Health Systems by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 76,095 shares of the company’s stock worth $215,000 after purchasing an additional 2,948 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new stake in Community Health Systems in the fourth quarter worth about $28,000. Arizona State Retirement System lifted its holdings in Community Health Systems by 6.2% in the fourth quarter. Arizona State Retirement System now owns 179,076 shares of the company’s stock worth $505,000 after buying an additional 10,434 shares during the period. HHM Wealth Advisors LLC purchased a new stake in Community Health Systems in the fourth quarter worth about $38,000. Finally, Bank of New York Mellon Corp lifted its holdings in Community Health Systems by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,355,266 shares of the company’s stock worth $3,822,000 after buying an additional 19,575 shares during the period. 99.09% of the stock is currently owned by institutional investors.

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About Community Health Systems (NYSE:CYH)

Community Health Systems, Inc, together with its subsidiaries, 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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