Mizuho reiterated their hold rating on shares of Community Health Systems, Inc. (NYSE:CYH) in a report issued on Friday morning. Mizuho currently has a $3.50 price target on the stock.

A number of other equities analysts have also commented on the stock. Citigroup Inc. dropped their price target on shares of Community Health Systems from $7.00 to $5.00 and set a neutral rating on the stock in a research report on Friday. Morgan Stanley lowered their price objective on shares of Community Health Systems from $6.50 to $4.50 and set an underweight rating on the stock in a research note on Friday. Credit Suisse Group initiated coverage on shares of Community Health Systems in a research note on Thursday. They issued an underperform rating and a $3.50 price objective on the stock. ValuEngine upgraded shares of Community Health Systems from a sell rating to a hold rating in a research note on Friday, October 27th. Finally, SunTrust Banks, Inc. set a $7.00 price objective on shares of Community Health Systems and gave the stock a hold rating in a research note on Sunday, October 15th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $6.82.

Community Health Systems (NYSE:CYH) opened at $4.40 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 (NYSE:CYH) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.47). Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the prior year, the business earned ($0.35) EPS. The company’s revenue for the quarter was down 16.3% compared to the same quarter last year. sell-side analysts expect that Community Health Systems will post -0.29 earnings per share for the current fiscal year.

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In other news, major shareholder Tian Qiao Chen bought 9,766,897 shares of Community Health Systems stock in a transaction dated Monday, August 14th. The shares were bought at an average price of $7.27 per share, for a total transaction of $71,005,341.19. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 4.70% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. HighTower Advisors LLC boosted its stake in shares of Community Health Systems by 0.3% in the 2nd quarter. HighTower Advisors LLC now owns 17,203 shares of the company’s stock valued at $170,000 after purchasing an additional 51 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Community Health Systems by 1.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 22,750 shares of the company’s stock valued at $227,000 after purchasing an additional 250 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Community Health Systems by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 46,700 shares of the company’s stock valued at $465,000 after purchasing an additional 300 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Community Health Systems by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 59,800 shares of the company’s stock valued at $596,000 after purchasing an additional 500 shares in the last quarter. Finally, Horrell Capital Management Inc. boosted its stake in shares of Community Health Systems by 2.5% in the 2nd quarter. Horrell Capital Management Inc. now owns 27,941 shares of the company’s stock valued at $278,000 after purchasing an additional 681 shares in the last quarter. Institutional investors own 99.59% of the company’s stock.

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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