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Community Health Systems, Inc. (NYSE:CYH – Get Rating) shares shot up 7.3% during trading on Friday after Oppenheimer raised their price target on the stock from $5.00 to $5.50. Oppenheimer currently has an outperform rating on the stock. Community Health Systems traded as high as $4.74 and last traded at $4.72. 137,642 shares changed hands during trading, a decline of 94% from the average session volume of 2,260,489 shares. The stock had previously closed at $4.40.
A number of other research firms have also issued reports on CYH. Wells Fargo & Company lifted their target price 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 began coverage on Community Health Systems in a report on Wednesday, October 12th. They issued a “sell” rating for the company. Finally, Credit Suisse Group decreased their target price 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 issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.97.
Institutional Trading of Community Health Systems
A number of institutional investors have recently bought and sold shares of the business. Teza Capital Management LLC acquired a new stake in shares of Community Health Systems during the third quarter worth about $27,000. Ellis Investment Partners LLC increased its position in shares of Community Health Systems by 109.1% during the second quarter. Ellis Investment Partners LLC now owns 9,200 shares of the company’s stock worth $34,000 after purchasing 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% during the third quarter. Vantage Consulting Group Inc now owns 18,484 shares of the company’s stock worth $40,000 after purchasing an additional 7,353 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Community Health Systems during the third quarter worth about $42,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Community Health Systems during the fourth quarter worth about $43,000. 81.10% of the stock is owned by hedge funds and other institutional investors.
Community Health Systems Price Performance
The stock has a 50-day moving average price of $3.85 and a 200 day moving average price of $3.33. The firm 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 Rating) last posted 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 firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.06 billion. As a group, equities research analysts predict that Community Health Systems, Inc. will post -2.49 earnings per share for the current year.
About Community Health Systems
Community Health Systems, Inc 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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