ValuEngine downgraded shares of Community Health Systems (NYSE:CYH) from a sell rating to a strong sell rating in a research note issued to investors on Saturday.

A number of other research firms have also weighed in on CYH. Wells Fargo & Co started coverage on shares of Community Health Systems in a report on Tuesday, January 30th. They issued an underperform rating and a $4.50 target price on the stock. JPMorgan Chase & Co. lowered shares of Community Health Systems from a neutral rating to an underweight rating in a report on Thursday, December 14th. Cantor Fitzgerald restated a hold rating and issued a $6.00 target price on shares of Community Health Systems in a report on Sunday, November 5th. Morgan Stanley decreased their price objective on shares of Community Health Systems from $6.50 to $4.50 and set an underweight rating for the company in a research note on Friday, November 3rd. Finally, Zacks Investment Research lowered shares of Community Health Systems from a hold rating to a sell rating in a research note on Monday, December 18th. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Community Health Systems presently has an average rating of Hold and a consensus target price of $6.10.

Shares of Community Health Systems (NYSE:CYH) opened at $5.25 on Friday. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86. Community Health Systems has a fifty-two week low of $3.85 and a fifty-two week high of $10.51. The firm has a market cap of $622.97, a PE ratio of -0.90 and a beta of 1.52.

In other news, major shareholder Tian Qiao Chen acquired 995,551 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was purchased at an average price of $3.97 per share, for a total transaction of $3,952,337.47. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders acquired 1,980,484 shares of company stock valued at $7,878,489. Company insiders own 4.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Arlington Partners LLC bought a new position in shares of Community Health Systems during the 4th quarter valued at approximately $170,000. SG Americas Securities LLC grew its position in shares of Community Health Systems by 73.4% during the 4th quarter. SG Americas Securities LLC now owns 331,826 shares of the company’s stock valued at $1,414,000 after acquiring an additional 140,442 shares during the period. Acadian Asset Management LLC bought a new position in shares of Community Health Systems during the 4th quarter valued at approximately $157,000. Bank of Montreal Can grew its position in shares of Community Health Systems by 882.1% during the 4th quarter. Bank of Montreal Can now owns 37,084 shares of the company’s stock valued at $158,000 after acquiring an additional 33,308 shares during the period. Finally, FrontFour Capital Group LLC bought a new position in shares of Community Health Systems during the 3rd quarter valued at approximately $113,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

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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.

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Analyst Recommendations for Community Health Systems (NYSE:CYH)

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