Barclays began coverage on shares of Community Health Systems (NYSE:CYH) in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage issued an underweight rating and a $3.00 target price on the stock.

CYH has been the subject of a number of other research reports. ValuEngine cut Community Health Systems from a buy rating to a hold rating in a research report on Wednesday, July 11th. Cantor Fitzgerald reaffirmed a hold rating and set a $6.00 price target on shares of Community Health Systems in a research report on Tuesday, May 1st. Mizuho set a $4.00 price target on Community Health Systems and gave the stock a hold rating in a research report on Friday, July 27th. Bank of America lowered their price target on Community Health Systems from $4.50 to $4.00 and set an underperform rating for the company in a research report on Friday, July 27th. Finally, Zacks Investment Research cut Community Health Systems from a hold rating to a sell rating in a research report on Tuesday, July 24th. Nine analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $4.20.

Shares of CYH opened at $3.41 on Tuesday. Community Health Systems has a one year low of $2.66 and a one year high of $7.93. The company has a quick ratio of 1.58, a current ratio of 1.79 and a debt-to-equity ratio of -17.03. The stock has a market cap of $359.22 million, a price-to-earnings ratio of -2.84 and a beta of 1.68.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Thursday, July 26th. The company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.42. Community Health Systems had a negative return on equity of 36.38% and a negative net margin of 16.16%. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the firm posted ($0.25) EPS. The firm’s revenue was down 14.0% compared to the same quarter last year. equities research analysts expect that Community Health Systems will post -1.5 earnings per share for the current year.

In related news, EVP Benjamin C. Fordham acquired 10,000 shares of Community Health Systems stock in a transaction on Tuesday, August 14th. The stock was acquired at an average price of $3.16 per share, for a total transaction of $31,600.00. Following the purchase, the executive vice president now owns 120,629 shares of the company’s stock, valued at approximately $381,187.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 20,655 shares of company stock valued at $73,245 in the last quarter. Company insiders own 3.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CYH. Wells Fargo & Company MN raised its stake in shares of Community Health Systems by 60.7% during the 4th quarter. Wells Fargo & Company MN now owns 186,665 shares of the company’s stock valued at $796,000 after buying an additional 70,538 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Community Health Systems by 13.0% during the 4th quarter. Guggenheim Capital LLC now owns 295,375 shares of the company’s stock valued at $1,258,000 after buying an additional 33,982 shares during the last quarter. LPL Financial LLC raised its stake in shares of Community Health Systems by 14.9% during the 4th quarter. LPL Financial LLC now owns 76,033 shares of the company’s stock valued at $324,000 after buying an additional 9,844 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Community Health Systems during the 4th quarter valued at about $185,000. Finally, Alps Advisors Inc. purchased a new position in shares of Community Health Systems in the 1st quarter valued at about $214,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc, together with its subsidiaries, 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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Analyst Recommendations for Community Health Systems (NYSE:CYH)

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