Community Health Systems (NYSE:CYH) shares traded down 6.3% during trading on Friday . The stock traded as low as $4.06 and last traded at $4.31. 9,005,070 shares traded hands during trading, an increase of 308% from the average session volume of 2,206,431 shares. The stock had previously closed at $4.60.

Several research analysts have commented on the stock. Barclays set a $4.00 price target on shares of Community Health Systems and gave the stock a “sell” rating in a research note on Friday, February 22nd. Zacks Investment Research cut shares of Community Health Systems from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Morgan Stanley set a $4.00 target price on shares of Community Health Systems and gave the company a “sell” rating in a report on Friday, February 22nd. Finally, ValuEngine upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $3.68.

The firm has a market cap of $538.13 million, a price-to-earnings ratio of -2.22 and a beta of 2.64.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, February 20th. The company reported ($0.42) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.59) by $0.17. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the company posted ($0.28) EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. On average, equities analysts forecast that Community Health Systems will post -1.52 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in CYH. Ausdal Financial Partners Inc. purchased a new position in shares of Community Health Systems during the fourth quarter valued at $28,000. Menta Capital LLC purchased a new position in shares of Community Health Systems during the fourth quarter valued at $29,000. HHM Wealth Advisors LLC purchased a new position in shares of Community Health Systems during the fourth quarter valued at $38,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Community Health Systems during the fourth quarter valued at $44,000. Finally, Thoroughbred Financial Services LLC purchased a new position in shares of Community Health Systems during the fourth quarter valued at $64,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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Community Health Systems Company Profile (NYSE:CYH)

Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The company 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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