Community Health Systems Inc. (NYSE:CYH)’s share price was down 7% during trading on Monday . The stock traded as low as $11.40 and last traded at $11.43, with a volume of 10,280,900 shares trading hands. The stock had previously closed at $12.29.

Several equities analysts recently commented on CYH shares. Credit Suisse Group AG started coverage on shares of Community Health Systems in a research note on Friday, July 29th. They issued a “neutral” rating and a $14.00 price objective for the company. Zacks Investment Research downgraded shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 16th. Leerink Swann downgraded shares of Community Health Systems from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $21.00 to $13.00 in a research note on Tuesday, August 9th. Mizuho upgraded shares of Community Health Systems from an “underperform” rating to a “neutral” rating and set a $10.50 price target for the company in a research report on Friday, August 12th. Finally, Citigroup Inc. decreased their price target on shares of Community Health Systems from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 5th. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company. Community Health Systems presently has a consensus rating of “Hold” and an average price target of $17.37.

The stock’s market cap is $1.23 billion. The firm’s 50-day moving average price is $11.24 and its 200-day moving average price is $13.39.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.47. The firm earned $4.59 billion during the quarter, compared to the consensus estimate of $4.53 billion. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts predict that Community Health Systems Inc. will post $1.34 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the company. Williams Jones & Associates LLC purchased a new position in shares of Community Health Systems during the second quarter worth about $491,000. Mason Street Advisors LLC purchased a new position in shares of Community Health Systems during the second quarter worth about $620,000. Schwab Charles Investment Management Inc. boosted its position in shares of Community Health Systems by 70.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 518,666 shares of the company’s stock worth $6,250,000 after buying an additional 214,668 shares during the last quarter. Bellwether Investment Group LLC purchased a new position in shares of Community Health Systems during the second quarter worth about $208,000. Finally, Stifel Financial Corp boosted its position in shares of Community Health Systems by 22.2% in the second quarter. Stifel Financial Corp now owns 12,742 shares of the company’s stock worth $154,000 after buying an additional 2,315 shares during the last quarter. Institutional investors own 96.57% of the company’s stock.

Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals in communities. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Company operates through two segments: hospital operations and home care agencies operations.

5 Day Chart for NYSE:CYH

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