The stock of Community Health Systems (NYSE:CYH) is a huge mover today! About 618,878 shares traded hands. Community Health Systems (NYSE:CYH) has declined 24.97% since March 9, 2016 and is downtrending. It has underperformed by 32.38% the S&P500.
The move comes after 7 months positive chart setup for the $1.16 billion company. It was reported on Oct, 12 by Barchart.com. We have $17.93 PT which if reached, will make NYSE:CYH worth $788.80 million more.
Analysts await Community Health Systems (NYSE:CYH) to report earnings on November, 7. They expect $0.45 EPS, down 19.64% or $0.11 from last year’s $0.56 per share. CYH’s profit will be $48.92 million for 5.93 P/E if the $0.45 EPS becomes a reality. After $0.09 actual EPS reported by Community Health Systems for the previous quarter, Wall Street now forecasts 400.00% EPS growth.
Community Health Systems (NYSE:CYH) Ratings Coverage
Out of 19 analysts covering Community Health (NYSE:CYH), 3 rate it a “Buy”, 4 “Sell”, while 12 “Hold”. This means 16% are positive. Community Health has been the topic of 47 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Thursday, October 22, the company rating was downgraded by Susquehanna. As per Wednesday, January 6, the company rating was maintained by Barclays Capital. Leerink Swann upgraded Community Health Systems (NYSE:CYH) on Wednesday, May 4 to “Outperform” rating. Mizuho downgraded the shares of CYH in a report on Tuesday, February 16 to “Underperform” rating. The stock of Community Health Systems (NYSE:CYH) has “Buy” rating given on Wednesday, August 5 by Jefferies. Leerink Swann downgraded Community Health Systems (NYSE:CYH) on Tuesday, October 27 to “Market Perform” rating. Wedbush downgraded Community Health Systems (NYSE:CYH) on Friday, January 8 to “Neutral” rating. On Friday, August 12 the stock rating was upgraded by Mizuho to “Neutral”. The firm has “Underperform” rating by Bank of America given on Tuesday, May 3. Mizuho maintained Community Health Systems (NYSE:CYH) on Tuesday, November 3 with “Neutral” rating.
According to Zacks Investment Research, “Community Health Systems, Inc. is a leading provider of non-urban acute healthcare services. Their facilities, together with their medical staffs, provide a wide range of inpatient and outpatient acute care services and a variety of specialty services.”
Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.69, from 0.71 in 2016Q1. The ratio is positive, as 35 funds sold all Community Health Systems shares owned while 66 reduced positions. 36 funds bought stakes while 105 increased positions. They now own 118.59 million shares or 17.01% more from 101.36 million shares in 2016Q1.
First Quadrant L P Ca has invested 0.43% of its portfolio in Community Health Systems (NYSE:CYH). The Massachusetts-based Clough Prtn Limited Partnership has invested 0.4% in Community Health Systems (NYSE:CYH). William Harris Invsts has 943,291 shares for 2.85% of their US portfolio. Grantham Mayo Van Otterloo And Ltd Liability has 600,000 shares for 0.03% of their US portfolio. New York State Teachers Retirement System has invested 0.01% of its portfolio in Community Health Systems (NYSE:CYH). Moreover, Barnett And Company has 0% invested in Community Health Systems (NYSE:CYH) for 200 shares. Carroll Fincl Assocs accumulated 0% or 13 shares. Hightower Advsr Limited Liability Company reported 10,545 shares or 0% of all its holdings. Pnc Svcs Group Inc Inc, a Pennsylvania-based fund reported 7,228 shares. Blackrock Inv Mgmt Ltd Com last reported 734,513 shares in the company. Goldman Sachs Group Inc Inc holds 1.13 million shares or 0% of its portfolio. Shelton Mgmt holds 11,140 shares or 0.01% of its portfolio. Millennium Mgmt Limited Liability has 0% invested in the company for 110,000 shares. Capital Guardian Tru owns 93 shares or 0% of their US portfolio. Moreover, Atria Investments Lc has 0.02% invested in Community Health Systems (NYSE:CYH) for 12,524 shares.
Insider Transactions: Since June 13, 2016, the stock had 1 insider purchase, and 1 insider sale for $9.47 million net activity. $9.55 million worth of Community Health Systems (NYSE:CYH) was bought by Chen Tian Qiao on Monday, September 26. WATSON H MITCHELL JR sold $75,163 worth of Community Health Systems (NYSE:CYH) on Monday, June 13.
More notable recent Community Health Systems (NYSE:CYH) news were published by: Wsj.com which released: “Community Health Systems Retrenches” on October 10, 2016, also Wsj.com with their article: “Community Health Systems Adopts Poison Pill” published on October 03, 2016, Wsj.com published: “Community Health Systems Exploring Alternatives” on September 19, 2016. More interesting news about Community Health Systems (NYSE:CYH) were released by: Bizjournals.com and their article: “Report: Community Health Systems weighs sale” published on September 16, 2016 as well as Nasdaq.com‘s news article titled: “10% owner buys a bigger piece of Community Health Systems” with publication date: October 06, 2016.
CYH Company Profile
Community Health Systems, Inc., incorporated on June 6, 1996, is an operator of general acute care hospitals in communities. The Firm provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Firm operates through two divisions: hospital activities and home care agencies operations. The hospital activities include its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. The home care agencies activities provide in-home outpatient care. The Company’s services include general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services. Through its subsidiaries, the Company owns, leases or operates 160 affiliated hospitals in 22 states with an aggregate of approximately 27,000 licensed beds.
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