The stock of Community Health Systems (NYSE:CYH) is a huge mover today! About 1.21M shares traded hands. Community Health Systems (NYSE:CYH) has declined 21.11% since March 15, 2016 and is downtrending. It has underperformed by 26.59% the S&P500.
The move comes after 6 months positive chart setup for the $1.21B company. It was reported on Oct, 18 by Barchart.com. We have $14.84 PT which if reached, will make NYSE:CYH worth $484.00M more.
Analysts await Community Health Systems (NYSE:CYH) to report earnings on November, 7. They expect $0.45 earnings per share, down 19.64% or $0.11 from last year’s $0.56 per share. CYH’s profit will be $51.37 million for 5.89 P/E if the $0.45 EPS becomes a reality. After $0.09 actual earnings per share 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. Barclays Capital maintained it with “Equal-Weight” rating and $29 target price in Wednesday, January 6 report. The firm has “Outperform” rating given on Wednesday, November 4 by Oppenheimer. The firm has “Neutral” rating by Citigroup given on Friday, October 2. The stock of Community Health Systems (NYSE:CYH) has “Outperform” rating given on Thursday, October 22 by Raymond James. The rating was upgraded by Ladenburg Thalmann to “Underperform” on Monday, June 13. Citigroup maintained Community Health Systems (NYSE:CYH) rating on Friday, August 5. Citigroup has “Neutral” rating and $14 price target. The rating was downgraded by Leerink Swann to “Market Perform” on Tuesday, October 27. Wells Fargo downgraded Community Health Systems (NYSE:CYH) on Monday, January 4 to “Market Perform” rating. The stock has “Neutral” rating given by Bank of America on Thursday, October 22. Jefferies maintained the shares of CYH in a report on Wednesday, August 5 with “Buy” 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 improved, 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.
The Michigan-based Comerica Financial Bank has invested 0.01% in Community Health Systems (NYSE:CYH). Morgan Stanley has 0% invested in the company for 276,577 shares. The New York-based Spark Investment Management Ltd Limited Liability Company has invested 0.14% in Community Health Systems (NYSE:CYH). Regions Fincl accumulated 0% or 13,828 shares. Princeton Alpha Management Limited Partnership has 31,346 shares for 0.07% of their US portfolio. The West Virginia-based City Hldg Comm has invested 0% in Community Health Systems (NYSE:CYH). Liberty Mutual Asset Mngmt Inc has 48,923 shares for 0.02% of their US portfolio. Guggenheim Cap Lc has 0.01% invested in the company for 333,426 shares. Thompson Siegel Walmsley Ltd Liability Corp accumulated 960 shares or 0% of the stock. Arizona State Retirement Systems holds 0.01% or 44,083 shares in its portfolio. Huntington Financial Bank holds 0% or 549 shares in its portfolio. Sg Americas Securities Llc last reported 0% of its portfolio in the stock. Schwab Charles Inv Mngmt Inc last reported 518,666 shares in the company. Old Mutual (Uk) Limited accumulated 0.2% or 892,393 shares. Bessemer Group Inc last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 13, 2016, the stock had 1 insider buy, and 1 insider sale for $9.47 million net activity. On Monday, September 26 Chen Tian Qiao bought $9.55 million worth of the stock or 929,813 shares. 5,600 shares were sold by WATSON H MITCHELL JR, 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 Businesswire.com with their article: “Community Health Systems Announces Definitive Agreement to Sell Majority …” published on October 17, 2016, Wsj.com published: “Community Health Systems Retrenches” on October 10, 2016. More interesting news about Community Health Systems (NYSE:CYH) were released by: Wsj.com and their article: “Community Health Systems Adopts Poison Pill” published on October 03, 2016 as well as Wsj.com‘s news article titled: “Community Health Systems Exploring Alternatives” with publication date: September 19, 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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