Community Health Systems (NYSE:CYH) rose 10.5% on Wednesday . The company traded as high as $3.15 and last traded at $2.94, approximately 3,739,394 shares were traded during trading. An increase of 80% from the average daily volume of 2,074,249 shares. The stock had previously closed at $2.66.

CYH has been the topic of a number of research reports. ValuEngine upgraded Community Health Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. SunTrust Banks lowered their price objective on Community Health Systems from $4.00 to $3.50 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Community Health Systems has a consensus rating of “Hold” and an average price target of $3.88.

The company has a market cap of $292.24 million, a price-to-earnings ratio of -1.52 and a beta of 2.36. The firm has a 50 day moving average price of $3.00 and a two-hundred day moving average price of $2.99.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.59) by $0.30. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.14 billion. Community Health Systems’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business earned ($1.64) earnings per share. As a group, analysts expect that Community Health Systems will post -1.73 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. increased its position in shares of Community Health Systems by 174.0% during the second quarter. Invesco Ltd. now owns 3,567,675 shares of the company’s stock worth $9,525,000 after buying an additional 2,265,615 shares during the period. Morgan Stanley boosted its holdings in shares of Community Health Systems by 353.2% during the 2nd quarter. Morgan Stanley now owns 709,010 shares of the company’s stock worth $1,893,000 after buying an additional 552,548 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Community Health Systems by 183.5% during the second quarter. Wells Fargo & Company MN now owns 192,558 shares of the company’s stock worth $514,000 after acquiring an additional 124,633 shares in the last quarter. Millennium Management LLC boosted its position in shares of Community Health Systems by 721.1% during the 3rd quarter. Millennium Management LLC now owns 137,218 shares of the company’s stock worth $493,000 after purchasing an additional 120,506 shares in the last quarter. Finally, Paloma Partners Management Co grew its stake in Community Health Systems by 631.9% in the second quarter. Paloma Partners Management Co now owns 129,553 shares of the company’s stock valued at $346,000 after acquiring an additional 111,853 shares during the period. Hedge funds and other institutional investors own 93.97% of the company’s stock.

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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