Community Health Systems’ (CYH) Hold Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reissued their hold rating on shares of Community Health Systems (NYSE:CYH) in a research note published on Thursday. Cantor Fitzgerald currently has a $6.00 target price on the stock.

“With the successful completion of its 30-hospital divestiture plan in 2017, CYH now looks to divest another wave of hospitals with combined net revenue of $2 billion in 2018. CYH expects to have around 100 hospitals remaining in significantly improved markets, with higher margins, better managed care rates and higher cash flows.”,” the firm’s analyst wrote.

Other equities analysts have also issued reports about the stock. Robert W. Baird reaffirmed a hold rating and issued a $7.00 price objective on shares of Community Health Systems in a research report on Wednesday, October 4th. Mizuho reaffirmed a hold rating and issued a $7.00 price objective on shares of Community Health Systems in a research report on Thursday, October 12th. Jefferies Group reaffirmed a hold rating and issued a $7.00 price objective on shares of Community Health Systems in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Community Health Systems from a strong sell rating to a hold rating in a research report on Tuesday, September 26th. Finally, ValuEngine raised shares of Community Health Systems from a sell rating to a hold rating in a research report on Friday, October 27th. Eight analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $6.21.

Shares of Community Health Systems (NYSE CYH) traded up $0.18 during trading on Thursday, hitting $5.15. 8,270,100 shares of the company traded hands, compared to its average volume of 3,210,000. The stock has a market cap of $590.84, a price-to-earnings ratio of -0.88 and a beta of 1.42. The company has a quick ratio of 1.86, a current ratio of 2.05 and a debt-to-equity ratio of 10.62. Community Health Systems has a 52-week low of $3.85 and a 52-week high of $10.51.

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

In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 995,551 shares of Community Health Systems stock in a transaction on Wednesday, January 10th. The stock was bought at an average cost of $3.97 per share, with a total value of $3,952,337.47. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired a total of 1,980,484 shares of company stock valued at $7,878,489 over the last three months. 4.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CYH. Shelton Capital Management purchased a new position in Community Health Systems during the 2nd quarter worth approximately $110,000. FrontFour Capital Group LLC purchased a new position in shares of Community Health Systems during the 3rd quarter valued at approximately $113,000. ARP Americas LLC purchased a new position in shares of Community Health Systems during the 3rd quarter valued at approximately $121,000. Group One Trading L.P. increased its holdings in shares of Community Health Systems by 27.5% during the 2nd quarter. Group One Trading L.P. now owns 14,765 shares of the company’s stock valued at $147,000 after purchasing an additional 3,189 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in shares of Community Health Systems during the 3rd quarter valued at approximately $154,000.

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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.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

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