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Community Health Systems, Inc.NYSE: CYH – Get rank) shares rose 7.3% during trading on Friday after Oppenheimer raised their price target to $5.50 from $5.00. Oppenheimer currently has an outperform rating on the stock. Community Health System traded as high as $4.74 and last traded at $4.72. 137,642 shares changed hands during the trading session, a decrease of 94% from the average session volume of 2,260,489 shares. The stock previously closed at $4.40.
Several other research firms have also issued reports on CYH. Wells Fargo & Company lifted their price target on Community Health Systems from $3.00 to $4.50 and gave the company an “equal weight” rating in a report on Tuesday, January 3rd. StockNews.com Initiated coverage on Community Health Systems in a report on Wednesday, October 12th. They rated the company “Sell”. Finally, Credit Suisse Group reduced their price target on Community Health Systems from $4.00 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, November 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $4.97, according to MarketBeat data.
Institutional marketing of community health systems
A number of institutional investors have recently bought and sold shares of the business. Tezza Capital Management LLC acquired a new stake in shares of Community Health Systems during the first quarter worth about $27,000. Ellis Investment Partners LLC increased its position in shares of Community Health System by 109.1% in the second quarter. Ellis Investment Partners LLC now owns 9,200 shares of the company’s stock worth $34,000 after buying an additional 4,800 shares in the last quarter. Vantage Consulting Group Inc. increased its position 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 worth $40,000 after buying an additional 7,353 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Community Health System during the third quarter worth about $42,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Community Health System in the fourth quarter worth about $43,000. 81.10% of the stock is owned by hedge funds and other institutional investors.
Cost performance of community health systems
The stock has a 50-day moving average of $3.85 and a 200-day moving average of $3.33. The company has a market cap of $635.85 million, a price-to-earnings ratio of -3.13 and a beta of 1.81.
Community health systems (NYSE: CYH – Get rank) last released its earnings results on Wednesday, October 26th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.57). The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.06 billion. As a group, equities research analysts at Community Health Systems, Inc. It will post -2.49 earnings per share for the current year.
About community health systems
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Community Health Systems, Inc. owns, leases and operates acute care hospitals throughout the United States. Provides comprehensive acute care, emergency department, general and specialty surgery, critical care, internal medicine, diagnostic obstetrics, psychiatric and rehabilitation services, as well as skilled nursing and home care services.
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