Community Health Systems, Inc. (NYSE: CYH – Get Rating ) shares shot up 7.3% during trading on Friday Oppenheimer raised their price target on the stock from $5.00 to $5.50. Oppenheimer currently has the best track record in the market. Community Health Systems traded as high as $4.74 and last traded at $4.72. 137,642 shares changed hands during trading, down 94% from the average volume of 2,260,489 shares. The stock had previously closed at $4.40.
Several other research firms have also issued reports on CYH. Wells Fargo & Company lifted their price target on Community Health Systems from $3.00 to $4.50 and gave the company an “equal weight” rating in a report on Tuesday, January 3. StockNews.com started coverage on Community Health Systems in a report on Wednesday, October 12. “sell” rating for the company. Finally, Credit Suisse Group decreased their target price on Community Health Systems from $4.00 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, November 23. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a hold rating to a hold rating. has provided funds for the purchase of the company’s property. According to data from MarketBeat, the stock has a “Hold” rating and a target price of $4.97.
Institutional Trading of Community Health Systems
A number of institutional investors have recently bought and sold the business’s stock. Teza Capital Management LLC acquired a new stake in shares of Community Health Systems in the third quarter valued at approximately $27,000. Ellis Investment Partners LLC boosted its position in shares of Community Health Systems by 109.1% in the second quarter. Ellis Investment Partners LLC now owns 9,200 shares of the company’s stock valued at $34,000 after buying an additional 4,800 shares in the last quarter. Vantage Consulting Group Inc grew its position in shares of Community Health Systems by 66.1% in the third quarter. Vantage Consulting Group Inc now owns 18,484 shares of the company’s stock valued at $40,000 after buying an additional 7,353 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Community Health Systems during the third quarter valued at approximately $42,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Community Health Systems during the fourth quarter valued at about $43,000. 81.10% of the stock is owned by hedge funds and other institutional investors.
Cost Effectiveness of Community Health Systems
The stock has a 50-day moving average of $3.85 and a 200-day moving average of $3.33. The company has $635.85 million in assets, a price-to-earnings ratio of -3.13 and a beta of 1.81.
Community Health Systems (NYSE: CYH – Get Rating ) last posted its earnings results on Wednesday, October 26. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of $0.05 and ($0.57). The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.06 billion. As a group, equities research analysts predict that Community Health Systems, Inc. it will provide -2.49 earnings per share this year.
About Community Health Systems
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Community Health Systems, Inc. owns, leases, and operates health care facilities in the United States. They provide emergency care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, research, psychiatry, and rehabilitation, as well as skilled nursing and home care services.
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