The Community Health Systems Inc. (CYH) Given Neutral Rating at Mizuho

The Community Health Systems Inc. (CYH) Given Neutral Rating at Mizuho

Mizuho reaffirmed their neutral rating on shares of Community Health Systems Inc. (NYSE:CYH) in a research note issued to investors on Tuesday. Mizuho currently has a $10.50 price target on the stock.

Other analysts have also issued reports about the stock. Citigroup Inc. set a $12.00 price target on shares of Community Health Systems and gave the stock a hold rating in a research note on Saturday. Leerink Swann lowered shares of Community Health Systems from an outperform rating to a market perform rating and cut their price target for the stock from $21.00 to $13.00 in a research note on Tuesday, August 9th. Ladenburg Thalmann upgraded shares of Community Health Systems from a not rated rating to an underperform rating in a research note on Monday, June 13th. Barclays PLC cut their price target on shares of Community Health Systems from $17.00 to $15.00 and set an equal weight rating on the stock in a research note on Thursday, August 4th. Finally, Zacks Investment Research upgraded shares of Community Health Systems from a strong sell rating to a hold rating in a research note on Tuesday, July 26th. Six research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company. Community Health Systems has an average rating of Hold and an average target price of $16.17.

Community Health Systems (NYSE:CYH) traded up 0.81% during mid-day trading on Tuesday, reaching $11.25. 977,304 shares of the company were exchanged. Community Health Systems has a 1-year low of $9.66 and a 1-year high of $36.72. The firm’s market capitalization is $1.25 billion. The stock has a 50-day moving average of $10.73 and a 200 day moving average of $13.15.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.47. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Community Health Systems had a positive return on equity of 2.10% and a negative net margin of 7.55%. The company’s revenue was down 6.0% compared to the same quarter last year. Equities research analysts forecast that Community Health Systems will post $1.32 earnings per share for the current year.

In other Community Health Systems news, major shareholder Tian Qiao Chen acquired 929,813 shares of the business’s stock in a transaction on Monday, September 26th. The stock was purchased at an average price of $10.27 per share, for a total transaction of $9,549,179.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CYH. Riverhead Capital Management LLC boosted its position in shares of Community Health Systems by 800.3% in the first quarter. Riverhead Capital Management LLC now owns 219,671 shares of the company’s stock worth $4,067,000 after buying an additional 195,271 shares in the last quarter. Chubb Ltd. purchased a new position in shares of Community Health Systems during the first quarter worth $13,675,000. UBS Asset Management Americas Inc. boosted its position in shares of Community Health Systems by 8.3% in the first quarter. UBS Asset Management Americas Inc. now owns 171,788 shares of the company’s stock worth $3,180,000 after buying an additional 13,104 shares in the last quarter. State Street Corp boosted its position in shares of Community Health Systems by 7.8% in the first quarter. State Street Corp now owns 3,364,723 shares of the company’s stock worth $62,279,000 after buying an additional 243,964 shares in the last quarter. Finally, William Harris Investors Inc. boosted its position in shares of Community Health Systems by 23.1% in the first quarter. William Harris Investors Inc. now owns 937,991 shares of the company’s stock worth $17,362,000 after buying an additional 175,839 shares in the last quarter. Institutional investors and hedge funds own 96.57% of the company’s stock.

Community Health Systems Company Profile

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