Community Health Systems (NYSE:CYH – Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Community Health Systems Stock Up 4.3 %
Shares of CYH stock opened at $3.89 on Monday. Community Health Systems has a twelve month low of $2.01 and a twelve month high of $8.01. The company has a market cap of $532.15 million, a P/E ratio of 2.16 and a beta of 1.59. The business has a fifty day simple moving average of $3.34 and a 200 day simple moving average of $3.14.
Analyst Upgrades and Downgrades
CYH has been the subject of a number of recent research reports. Wells Fargo & Company lowered their target price on Community Health Systems from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. StockNews.com cut Community Health Systems from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada lowered their target price on Community Health Systems from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.50.
Institutional Investors Weigh In On Community Health Systems
Several institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new position in Community Health Systems in the second quarter worth approximately $70,000. Captrust Financial Advisors lifted its holdings in shares of Community Health Systems by 195.5% in the first quarter. Captrust Financial Advisors now owns 5,794 shares of the company’s stock valued at $69,000 after purchasing an additional 3,833 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Community Health Systems by 28.7% in the first quarter. CIBC Asset Management Inc now owns 14,164 shares of the company’s stock valued at $69,000 after purchasing an additional 3,159 shares in the last quarter. GTS Securities LLC purchased a new position in shares of Community Health Systems in the second quarter valued at $66,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of Community Health Systems by 61.5% in the third quarter. Public Employees Retirement System of Ohio now owns 25,672 shares of the company’s stock valued at $55,000 after purchasing an additional 9,773 shares in the last quarter. Institutional investors own 76.80% of the company’s stock.
Community Health Systems Company Profile
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.
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