Piper Jaffray Companies restated their sell rating on shares of Community Health Systems, Inc. (NYSE:CYH) in a research note published on Wednesday. They currently have a $9.00 price target on the stock.

A number of other research analysts have also weighed in on the stock. Vetr lowered shares of Community Health Systems from a hold rating to a sell rating and set a $8.62 price objective on the stock. in a research note on Monday, April 17th. Morgan Stanley started coverage on shares of Community Health Systems in a report on Tuesday, June 6th. They issued an underweight rating and a $9.50 target price for the company. Zacks Investment Research downgraded shares of Community Health Systems from a hold rating to a strong sell rating in a report on Wednesday, May 3rd. Deutsche Bank AG started coverage on shares of Community Health Systems in a report on Wednesday, April 5th. They issued a hold rating and a $11.00 target price for the company. Finally, BidaskClub upgraded shares of Community Health Systems from a sell rating to a hold rating in a report on Tuesday, June 27th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $8.68.

Community Health Systems (CYH) opened at 7.39 on Wednesday. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $13.28. The stock’s 50 day moving average is $9.17 and its 200 day moving average is $8.65. The firm’s market capitalization is $826.94 million.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Monday, May 1st. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Community Health Systems had a negative net margin of 10.77% and a positive return on equity of 1.79%. The firm had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. Analysts predict that Community Health Systems will post $0.19 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. World Asset Management Inc increased its position in shares of Community Health Systems by 3.2% in the first quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock valued at $110,000 after buying an additional 387 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of 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 in the last quarter. Tudor Investment Corp Et Al acquired a new position in shares of Community Health Systems during the fourth quarter valued at about $113,000. Airain ltd acquired a new position in shares of Community Health Systems during the first quarter valued at about $126,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Community Health Systems during the second quarter valued at about $126,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

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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