Community Health Systems (NYSE:CYH) PT Lowered to $4.50

Community Health Systems (NYSE:CYH) had its price objective dropped by investment analysts at Oppenheimer from $5.50 to $4.50 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 48.51% from the company’s previous close.

CYH has been the subject of several other reports. Barclays initiated coverage on Community Health Systems in a research report on Wednesday, March 6th. They set an “equal weight” rating and a $3.00 target price for the company. StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.00.

Community Health Systems Stock Up 2.4 %

Shares of CYH opened at $3.03 on Thursday. The business’s fifty day moving average is $3.09 and its 200 day moving average is $3.05. Community Health Systems has a 12-month low of $2.01 and a 12-month high of $6.53. The stock has a market cap of $421.11 million, a P/E ratio of -2.94 and a beta of 1.52.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.44). Community Health Systems had a negative net margin of 1.07% and a negative return on equity of 5.51%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the business posted $1.50 earnings per share. Community Health Systems’s revenue was up 1.2% on a year-over-year basis. On average, analysts expect that Community Health Systems will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CYH. Invesco Ltd. grew its holdings in Community Health Systems by 16.4% during the 3rd quarter. Invesco Ltd. now owns 6,239,749 shares of the company’s stock valued at $18,095,000 after buying an additional 879,784 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Community Health Systems by 14.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,583,032 shares of the company’s stock valued at $17,475,000 after buying an additional 701,036 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Community Health Systems by 26.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 1,456,121 shares of the company’s stock valued at $4,223,000 after acquiring an additional 300,115 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Community Health Systems by 20.5% during the third quarter. Teacher Retirement System of Texas now owns 1,715,268 shares of the company’s stock worth $4,974,000 after purchasing an additional 292,351 shares in the last quarter. Finally, Pathstone Family Office LLC purchased a new position in shares of Community Health Systems during the third quarter worth about $469,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It 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.