The stock of Community Health Systems (NYSE:CYH) is a huge mover today! About 820,861 shares traded hands. Community Health Systems (NYSE:CYH) has declined 22.69% since March 11, 2016 and is downtrending. It has underperformed by 28.14% the S&P500.
The move comes after 5 months negative chart setup for the $1.17B company. It was reported on Oct, 14 by Barchart.com. We have $9.73 PT which if reached, will make NYSE:CYH worth $58.50 million less.
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 $51.47 million for 5.68 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. Raymond James downgraded Community Health Systems (NYSE:CYH) on Wednesday, January 6 to “Underperform” rating. The firm has “Neutral” rating given on Tuesday, November 3 by Mizuho. The firm earned “Underperform” rating on Monday, June 13 by Ladenburg Thalmann. The stock of Community Health Systems (NYSE:CYH) has “Buy” rating given on Tuesday, September 8 by Mizuho. The company was upgraded on Thursday, August 13 by Raymond James. Jefferies downgraded the shares of CYH in a report on Tuesday, February 16 to “Hold” rating. On Monday, October 26 the stock rating was downgraded by Robert W. Baird to “Neutral”. The firm earned “Neutral” rating on Friday, July 29 by Credit Suisse. Jefferies maintained Community Health Systems (NYSE:CYH) rating on Wednesday, August 5. Jefferies has “Buy” rating and $83 price target. The stock has “Equal-Weight” rating given by Barclays Capital on Wednesday, January 6.
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.
Quantitative Mngmt Llc, a Virginia-based fund reported 164,600 shares. Blackrock Fund Advisors last reported 6.02 million shares in the company. Invesco accumulated 1.96M shares or 0.01% of the stock. Aberdeen Asset Management Public Ltd Uk has 43,391 shares for 0% of their US portfolio. Globeflex L P accumulated 31,034 shares or 0.1% of the stock. Moreover, Lenox Wealth has 0.02% invested in Community Health Systems (NYSE:CYH) for 2,737 shares. Princeton Alpha Mngmt Limited Partnership has 31,346 shares for 0.07% of their US portfolio. Jacobs Levy Equity Mngmt, a New Jersey-based fund reported 480,570 shares. Hap Trading Lc accumulated 0.68% or 957,996 shares. Millennium Management Lc last reported 0% of its portfolio in the stock. Spot Trading Limited Liability Corp last reported 61,050 shares in the company. Thompson Siegel And Walmsley Ltd Llc last reported 0% of its portfolio in the stock. Huntington Retail Bank has 0% invested in the company for 549 shares. Deutsche Comml Bank Ag holds 883,706 shares or 0.01% of its portfolio. Concannon Wealth Mgmt Ltd Company owns 100 shares or 0% of their US portfolio.
Insider Transactions: Since June 13, 2016, the stock had 1 buy, and 1 insider sale for $9.47 million net activity. Chen Tian Qiao had bought 929,813 shares worth $9.55 million. The insider WATSON H MITCHELL JR sold 5,600 shares worth $75,163.
More notable recent Community Health Systems (NYSE:CYH) news were published by: Wsj.com which released: “Community Health Systems Faces Heat From Investor” on October 13, 2016, also Wsj.com with their article: “Community Health Systems Retrenches” published on October 10, 2016, Wsj.com published: “Community Health Systems Adopts Poison Pill” on October 03, 2016. More interesting news about Community Health Systems (NYSE:CYH) were released by: Wsj.com and their article: “Community Health Systems Exploring Alternatives” published on September 19, 2016 as well as Bizjournals.com‘s news article titled: “Report: Community Health Systems weighs sale” with publication date: September 16, 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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