Community Health Systems (NYSE:CYH) Trading 7.3% Higher Following Analyst Upgrade

Community Health Systems, Inc. (NYSE:CYHGet Rating) shares traded up 7.3% during trading on Friday after Oppenheimer raised their price target on the stock from $5.00 to $5.50. Oppenheimer currently has an outperform rating on the stock. Community Health Systems traded as high as $4.74 and last traded at $4.72. 137,642 shares were traded during trading, a decline of 94% from the average session volume of 2,260,489 shares. The stock had previously closed at $4.40.

Several other research analysts also recently commented on the company. StockNews.com started coverage on Community Health Systems in a report on Wednesday, October 12th. They set a “sell” rating on the stock. Credit Suisse Group cut their price target on Community Health Systems from $4.00 to $3.30 and set a “neutral” rating on the stock in a report on Wednesday, November 23rd. Finally, 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 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Community Health Systems has a consensus rating of “Hold” and a consensus target price of $4.97.

Institutional Trading of Community Health Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CYH. Teza Capital Management LLC acquired a new stake in Community Health Systems during the 3rd quarter worth about $27,000. Ellis Investment Partners LLC lifted its position in Community Health Systems by 109.1% during the 2nd quarter. Ellis Investment Partners LLC now owns 9,200 shares of the company’s stock worth $34,000 after acquiring an additional 4,800 shares during the period. Vantage Consulting Group Inc lifted its position in Community Health Systems by 66.1% during the 3rd quarter. Vantage Consulting Group Inc now owns 18,484 shares of the company’s stock worth $40,000 after acquiring an additional 7,353 shares during the period. Pathstone Family Office LLC acquired a new stake in Community Health Systems during the 3rd quarter worth about $42,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Community Health Systems during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Community Health Systems Trading Up 7.0 %

The firm has a market cap of $634.50 million, a price-to-earnings ratio of -3.12 and a beta of 1.81. The company has a fifty day moving average price of $3.87 and a 200-day moving average price of $3.34.

Community Health Systems (NYSE:CYHGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.57). The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.06 billion. As a group, research analysts forecast that Community Health Systems, Inc. will post -2.49 earnings per share for the current fiscal year.

About Community Health Systems

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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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