Community Health Systems, Inc. (NYSE:CYH - Free Report) - Stock analysts at Zacks Research reduced their Q3 2024 earnings per share (EPS) estimates for Community Health Systems in a report issued on Wednesday, May 8th. Zacks Research analyst K. Dey now anticipates that the company will post earnings of ($0.15) per share for the quarter, down from their prior forecast of ($0.14). The consensus estimate for Community Health Systems' current full-year earnings is ($0.32) per share. Zacks Research also issued estimates for Community Health Systems' Q4 2024 earnings at $0.05 EPS, FY2024 earnings at ($0.33) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.07 EPS and FY2025 earnings at $0.04 EPS.
Several other equities research analysts have also recently commented on CYH. Oppenheimer cut their price target on shares of Community Health Systems from $5.50 to $4.50 and set an "outperform" rating on the stock in a research report on Thursday, April 25th. Truist Financial upped their price objective on shares of Community Health Systems from $3.25 to $3.75 and gave the stock a "hold" rating in a research report on Friday, April 26th. StockNews.com raised Community Health Systems from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Finally, Barclays assumed coverage on Community Health Systems in a report on Wednesday, March 6th. They issued an "equal weight" rating and a $3.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $4.05.
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Community Health Systems Trading Up 6.0 %
Shares of NYSE:CYH traded up $0.19 during mid-day trading on Monday, reaching $3.43. The stock had a trading volume of 1,108,378 shares, compared to its average volume of 2,005,523. Community Health Systems has a twelve month low of $2.01 and a twelve month high of $5.20. The firm has a 50 day simple moving average of $3.12 and a two-hundred day simple moving average of $3.11. The firm has a market cap of $475.97 million, a PE ratio of -3.59 and a beta of 1.55.
Community Health Systems (NYSE:CYH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. Community Health Systems had a negative return on equity of 5.51% and a negative net margin of 0.99%. The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the prior year, the firm posted ($0.43) EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis.
Institutional Trading of Community Health Systems
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Community Health Systems by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company's stock worth $28,436,000 after buying an additional 28,669 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Community Health Systems by 5.0% during the first quarter. First Eagle Investment Management LLC now owns 1,657,121 shares of the company's stock worth $5,800,000 after acquiring an additional 79,000 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Community Health Systems in the 1st quarter worth approximately $1,132,000. BOS Asset Management LLC bought a new position in shares of Community Health Systems in the 1st quarter valued at about $80,000. Finally, GSA Capital Partners LLP boosted its stake in Community Health Systems by 8.5% during the first quarter. GSA Capital Partners LLP now owns 251,922 shares of the company's stock worth $882,000 after buying an additional 19,787 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
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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