Community Health Systems (NYSE:CYH) – Equities researchers at Oppenheimer issued their Q1 2019 EPS estimates for shares of Community Health Systems in a report released on Tuesday. Oppenheimer analyst M. Wiederhorn forecasts that the company will post earnings per share of ($0.01) for the quarter.

A number of other brokerages have also issued reports on CYH. JPMorgan Chase & Co. lowered Community Health Systems from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 14th. ValuEngine lowered Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Cantor Fitzgerald restated a “hold” rating and issued a $6.00 target price on shares of Community Health Systems in a research note on Sunday, November 5th. Zacks Investment Research lowered Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. Finally, Morgan Stanley reduced their target price on Community Health Systems from $6.50 to $4.50 and set an “underweight” rating for the company in a research note on Friday, November 3rd. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.21.

Shares of Community Health Systems (NYSE CYH) traded up $0.06 during mid-day trading on Thursday, reaching $5.21. The company had a trading volume of 3,157,117 shares, compared to its average volume of 3,231,550. The stock has a market cap of $590.84, a price-to-earnings ratio of -0.87 and a beta of 1.43. 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 has a one year low of $3.85 and a one year high of $10.51.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing the 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 business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the prior year, the company posted ($0.35) EPS. The business’s revenue for the quarter was down 16.3% on a year-over-year basis.

Institutional investors and hedge funds have recently made changes to their positions in the business. Shelton Capital Management acquired a new stake in Community Health Systems during the 2nd quarter worth about $110,000. FrontFour Capital Group LLC acquired a new stake in Community Health Systems during the 3rd quarter worth about $113,000. Group One Trading L.P. grew its position in shares of Community Health Systems by 27.5% during the 2nd quarter. Group One Trading L.P. now owns 14,765 shares of the company’s stock valued at $147,000 after acquiring an additional 3,189 shares during the period. ARP Americas LLC acquired a new stake in shares of Community Health Systems during the 3rd quarter valued at about $121,000. Finally, HighTower Advisors LLC grew its position in shares of Community Health Systems by 0.3% during the 2nd quarter. HighTower Advisors LLC now owns 17,203 shares of the company’s stock valued at $170,000 after acquiring an additional 51 shares during the period.

In related news, major shareholder Tian Qiao Chen purchased 406,069 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were bought at an average cost of $4.00 per share, with a total value of $1,624,276.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 1,980,484 shares of company stock worth $7,878,489 over the last ninety days. 4.70% of the stock is owned by insiders.

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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.

Earnings History and Estimates for Community Health Systems (NYSE:CYH)

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