Community Health Systems (CYH) Earns Sell Rating from Analysts at Goldman Sachs Group
Goldman Sachs Group began coverage on shares of Community Health Systems (NYSE:CYH) in a research note released on Wednesday, MarketBeat reports. The brokerage issued a sell rating and a $3.00 price objective on the stock.
A number of other research firms have also commented on CYH. Jefferies Group reissued a hold rating and issued a $7.00 price target on shares of Community Health Systems in a research report on Tuesday, September 5th. Zacks Investment Research lowered Community Health Systems from a hold rating to a strong sell rating in a research report on Tuesday, October 3rd. Robert W. Baird reaffirmed a hold rating and set a $7.00 target price on shares of Community Health Systems in a research report on Wednesday, October 4th. KeyCorp reaffirmed a hold rating on shares of Community Health Systems in a research report on Thursday, September 7th. Finally, ValuEngine lowered Community Health Systems from a hold rating to a sell rating in a research report on Wednesday, October 11th. Eight analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. Community Health Systems currently has an average rating of Hold and an average price target of $6.26.
Community Health Systems (NYSE CYH) traded down $0.17 during midday trading on Wednesday, reaching $4.08. The company had a trading volume of 2,635,927 shares, compared to its average volume of 2,502,627. The stock has a market cap of $468.09, a price-to-earnings ratio of -0.68 and a beta of 1.43. Community Health Systems has a twelve month low of $3.85 and a twelve month high of $10.51. 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 (NYSE:CYH) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates 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 company’s quarterly revenue was down 16.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.35) earnings per share. research analysts anticipate that Community Health Systems will post -1.25 EPS for the current fiscal year.
In other news, major shareholder Tian Qiao Chen purchased 100,164 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was bought at an average price of $3.96 per share, for a total transaction of $396,649.44. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Shelton Capital Management bought a new position in shares of Community Health Systems during the 2nd quarter worth $110,000. FrontFour Capital Group LLC bought a new position in shares of Community Health Systems during the 3rd quarter worth $113,000. ARP Americas LLC bought a new position in shares of Community Health Systems during the 3rd quarter worth $121,000. Group One Trading L.P. grew its stake 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 worth $147,000 after acquiring an additional 3,189 shares during the period. Finally, Macquarie Group Ltd. bought a new position in shares of Community Health Systems during the 3rd quarter worth $154,000. Institutional investors own 94.72% of the company’s stock.
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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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