Community Health Systems (NYSE:CYH) PT Lowered to $4.50

Community Health Systems (NYSE:CYH - Get Free Report) had its price objective dropped by research analysts at Oppenheimer from $5.50 to $4.50 in a report released on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Oppenheimer's price objective points to a potential upside of 38.46% from the stock's current price.

Several other equities research analysts also recently issued reports on CYH. StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. Barclays started coverage on shares of Community Health Systems in a research report on Wednesday, March 6th. They issued an "equal weight" rating and a $3.00 target price for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $4.00.

Community Health Systems Stock Performance

NYSE:CYH traded up $0.22 during trading hours on Thursday, hitting $3.25. The stock had a trading volume of 4,951,175 shares, compared to its average volume of 2,080,406. Community Health Systems has a one year low of $2.01 and a one year high of $6.53. The company has a market cap of $451.69 million, a price-to-earnings ratio of -3.16 and a beta of 1.52. The business's 50 day moving average is $3.08 and its 200-day moving average is $3.06.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its 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 net margin of 1.07% and a negative return on equity of 5.51%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. The business's quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Community Health Systems will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Community Health Systems

Several hedge funds have recently bought and sold shares of the company. Red Door Wealth Management LLC increased its holdings in Community Health Systems by 126.6% in the 1st quarter. Red Door Wealth Management LLC now owns 26,060 shares of the company's stock valued at $91,000 after buying an additional 14,560 shares during the period. Jones Road Capital Management L.P. grew its holdings in shares of Community Health Systems by 50.0% during the 4th quarter. Jones Road Capital Management L.P. now owns 150,000 shares of the company's stock valued at $470,000 after purchasing an additional 50,000 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Community Health Systems during the 4th quarter valued at approximately $300,000. Tower Research Capital LLC TRC grew its holdings in shares of Community Health Systems by 669.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 29,759 shares of the company's stock valued at $93,000 after purchasing an additional 25,889 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in shares of Community Health Systems during the 4th quarter valued at approximately $40,000. 84.99% of the stock is owned by 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.