Community Health Systems (NYSE:CYH) Price Target Lowered to $4.50 at Oppenheimer

Community Health Systems (NYSE:CYH) had its price target lowered by Oppenheimer from $5.50 to $4.50 in a research note issued to investors on Thursday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other analysts have also commented on CYH. Barclays started coverage on shares of Community Health Systems in a research note on Wednesday, March 6th. They issued an equal weight rating and a $3.00 price target for the company. StockNews.com upgraded shares of Community Health Systems from a sell rating to a hold rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $4.05.

Community Health Systems Stock Up 4.3 %

Shares of Community Health Systems stock opened at $3.39 on Thursday. The firm has a market cap of $471.14 million, a PE ratio of -3.57 and a beta of 1.52. Community Health Systems has a 12-month low of $2.01 and a 12-month high of $6.53. The company’s fifty day simple moving average is $3.06 and its two-hundred day simple moving average is $3.06.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, April 24th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. Community Health Systems had a negative net margin of 0.99% and a negative return on equity of 5.51%. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period last year, the company posted ($0.43) EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that Community Health Systems will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of Community Health Systems

A number of hedge funds and other institutional investors have recently modified their holdings of CYH. Jump Financial LLC purchased a new stake in shares of Community Health Systems in the third quarter worth $30,000. Red Door Wealth Management LLC bought a new position in shares of Community Health Systems during the fourth quarter worth $36,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Community Health Systems during the third quarter worth $38,000. Eagle Asset Management Inc. bought a new position in shares of Community Health Systems during the fourth quarter worth $40,000. Finally, Convergence Investment Partners LLC bought a new position in shares of Community Health Systems during the third quarter worth $44,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

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.