Community Health Systems, Inc. (NYSE:CYH) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.

CYH has been the subject of a number of other reports. Royal Bank Of Canada restated a “hold” rating and set a $7.00 price target on shares of Community Health Systems in a report on Friday, August 4th. Morgan Stanley started coverage on shares of Community Health Systems in a report on Tuesday, June 6th. They set an “underweight” rating and a $9.50 price target for the company. Deutsche Bank AG decreased their price target on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and set a $7.00 price target on shares of Community Health Systems in a report on Sunday, July 30th. Finally, BidaskClub cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Community Health Systems presently has an average rating of “Hold” and a consensus target price of $7.84.

Shares of Community Health Systems (NYSE:CYH) traded up 3.01% during mid-day trading on Friday, hitting $7.87. The stock had a trading volume of 2,129,701 shares. Community Health Systems has a one year low of $4.15 and a one year high of $13.28. The firm’s 50 day moving average price is $7.61 and its 200-day moving average price is $8.73. The company’s market cap is $880.93 million.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.31. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue was down 9.7% on a year-over-year basis. On average, equities research analysts anticipate that Community Health Systems will post ($0.31) earnings per share for the current fiscal year.

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In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of $7.27 per share, with a total value of $71,005,341.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its position in Community Health Systems by 47.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 271,332 shares of the company’s stock valued at $1,516,000 after buying an additional 87,876 shares during the period. Teachers Advisors LLC raised its position in Community Health Systems by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 197,941 shares of the company’s stock valued at $1,106,000 after buying an additional 17,453 shares during the period. Louisiana State Employees Retirement System raised its position in Community Health Systems by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock valued at $412,000 after buying an additional 700 shares during the period. Nisa Investment Advisors LLC acquired a new position in Community Health Systems during the first quarter valued at about $200,000. Finally, State of Alaska Department of Revenue raised its position in Community Health Systems by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 12,570 shares of the company’s stock valued at $111,000 after buying an additional 270 shares during the period. 94.71% of the stock is owned by hedge funds and other institutional investors.

About Community Health Systems

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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