Shares of Community Health Systems (NYSE:CYH) reached a new 52-week high and low during trading on Monday . The stock traded as low as $3.81 and last traded at $3.77, with a volume of 1794423 shares traded. The stock had previously closed at $3.96.
Several analysts have recently commented on CYH shares. Goldman Sachs started coverage on shares of Community Health Systems in a research note on Wednesday, January 3rd. They issued a “sell” rating and a $3.00 target price for the company. ValuEngine upgraded shares of Community Health Systems from a “strong sell” rating to a “sell” rating in a research note on Monday, March 19th. Cantor Fitzgerald restated a “hold” rating and issued a $6.00 target price on shares of Community Health Systems in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Finally, Wells Fargo started coverage on shares of Community Health Systems in a research note on Tuesday, January 30th. They issued an “underperform” rating and a $4.50 target price for the company. Nine investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $6.04.
The company has a debt-to-equity ratio of -20.06, a quick ratio of 1.54 and a current ratio of 1.73. The company has a market cap of $453.92, a P/E ratio of -3.18 and a beta of 1.59.
Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, February 27th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.09. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Community Health Systems had a negative net margin of 16.01% and a negative return on equity of 14.18%. The firm’s quarterly revenue was down 31.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. research analysts expect that Community Health Systems will post -1.33 earnings per share for the current fiscal year.
In other Community Health Systems news, major shareholder Tian Qiao Chen bought 995,551 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was bought at an average price of $3.97 per share, for a total transaction of $3,952,337.47. The transaction 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.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fore Capital LLC acquired a new position in Community Health Systems during the fourth quarter worth about $234,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Community Health Systems during the fourth quarter worth about $100,000. MetLife Investment Advisors LLC acquired a new position in Community Health Systems during the fourth quarter worth about $185,000. Vident Investment Advisory LLC raised its position in Community Health Systems by 6.5% during the fourth quarter. Vident Investment Advisory LLC now owns 322,688 shares of the company’s stock worth $1,375,000 after acquiring an additional 19,712 shares during the last quarter. Finally, LPL Financial LLC raised its position in Community Health Systems by 14.9% during the fourth quarter. LPL Financial LLC now owns 76,033 shares of the company’s stock worth $324,000 after acquiring an additional 9,844 shares during the last quarter. Institutional investors own 94.72% of the company’s stock.
About Community Health Systems
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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