Community Health Systems (NYSE:CYH) Trading Down 4.7% – Should You Sell?

Community Health Systems, Inc. (NYSE:CYH) shares dropped 4.7% during trading on Thursday . The company traded as low as $3.64 and last traded at $3.65. Approximately 110,853 shares were traded during trading, a decline of 94% from the average daily volume of 1,800,270 shares. The stock had previously closed at $3.83.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CYH. Oppenheimer raised their price target on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and set a $6.00 target price on shares of Community Health Systems in a report on Monday, August 12th. Wells Fargo & Company raised their target price on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, UBS Group upped their target price on Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Five 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 company currently has a consensus rating of “Hold” and an average price target of $5.18.

Community Health Systems Trading Down 3.1 %

The firm has a market capitalization of $515.50 million, a PE ratio of -1.17 and a beta of 1.60. The firm’s fifty day moving average price is $5.10 and its 200 day moving average price is $4.49.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the company earned ($0.33) EPS. Community Health Systems’s revenue was up .1% on a year-over-year basis. As a group, research analysts expect that Community Health Systems, Inc. will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. bought a new position in Community Health Systems during the 2nd quarter worth about $5,121,000. Apollo Management Holdings L.P. bought a new position in shares of Community Health Systems during the first quarter worth approximately $5,149,000. Bank of Montreal Can bought a new stake in shares of Community Health Systems during the 2nd quarter valued at $3,692,000. Whitebox Advisors LLC increased its holdings in Community Health Systems by 43.3% in the 2nd quarter. Whitebox Advisors LLC now owns 3,020,933 shares of the company’s stock valued at $10,150,000 after buying an additional 913,542 shares during the period. Finally, Barclays PLC lifted its position in shares of Community Health Systems by 1,278.2% during the 3rd quarter. Barclays PLC now owns 707,805 shares of the company’s stock worth $4,296,000 after buying an additional 656,447 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Company Profile

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.