The stock of Community Health Systems (NYSE:CYH) is a huge mover today! About 4.63M shares traded hands. Community Health Systems (NYSE:CYH) has declined 66.13% since April 4, 2016 and is downtrending. It has underperformed by 67.22% the S&P500.
The move comes after 8 months positive chart setup for the $641.76 million company. It was reported on Nov, 4 by Barchart.com. We have $9.42 PT which if reached, will make NYSE:CYH worth $436.40M 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 $51.48 million for 3.12 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”, 6 “Sell”, while 10 “Hold”. This means 16% are positive. Community Health has been the topic of 49 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James on Wednesday, January 6 to “Underperform”. The rating was downgraded by Leerink Swann to “Market Perform” on Wednesday, November 4. Raymond James downgraded Community Health Systems (NYSE:CYH) on Thursday, October 22 to “Outperform” rating. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, August 4. The stock of Community Health Systems (NYSE:CYH) has “Outperform” rating given on Wednesday, November 4 by RBC Capital Markets. The firm has “Mkt Perform” rating given on Thursday, January 28 by Raymond James. The rating was downgraded by Leerink Swann on Tuesday, August 9 to “Market Perform”. The company was maintained on Thursday, October 22 by Oppenheimer. As per Wednesday, September 14, the company rating was upgraded by Susquehanna. The firm has “Market Perform” rating by Avondale given on Tuesday, February 16.
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 Q2 2016. Its up 0.69, from 0.71 in 2016Q1. The ratio increased, 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.
Vanguard Grp Incorporated has 0.01% invested in the company for 7.98 million shares. Tfs Capital Limited Liability Corp holds 0.06% or 27,851 shares in its portfolio. Altrinsic Ltd Limited Liability Company accumulated 1.02% or 2.98 million shares. The California-based Wells Fargo & Mn has invested 0% in Community Health Systems (NYSE:CYH). Concannon Wealth Mngmt Limited Liability Corp holds 100 shares or 0% of its portfolio. Moreover, Fulton National Bank Na has 0.03% invested in Community Health Systems (NYSE:CYH) for 21,516 shares. The Texas-based Utd Services Automobile Association has invested 0% in Community Health Systems (NYSE:CYH). Morgan Stanley has 276,577 shares for 0% of their US portfolio. New York State Common Retirement Fund last reported 284,900 shares in the company. Cwm Ltd last reported 0% of its portfolio in the stock. Ironwood Financial Limited Company reported 27 shares or 0% of all its holdings. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Community Health Systems (NYSE:CYH) for 3,537 shares. The West Virginia-based City has invested 0% in Community Health Systems (NYSE:CYH). Connor Clark & Lunn Inv Mgmt Limited has invested 0.08% of its portfolio in Community Health Systems (NYSE:CYH). Acadian Asset Mngmt Ltd Liability has invested 0.01% of its portfolio in Community Health Systems (NYSE:CYH).
Insider Transactions: Since June 13, 2016, the stock had 1 insider buy, and 1 insider sale for $9.47 million net activity. WATSON H MITCHELL JR sold $75,163 worth of Community Health Systems (NYSE:CYH) on Monday, June 13. Shares for $9.55 million were bought by Chen Tian Qiao on Monday, September 26.
More notable recent Community Health Systems (NYSE:CYH) news were published by: Wsj.com which released: “Community Health Systems Expanding Sale of Hospitals” on November 02, 2016, also Wsj.com with their article: “Community Health Systems Swings to Loss” published on November 01, 2016, Businesswire.com published: “Community Health Systems, Inc. Announces Third Quarter 2016 Results with Net …” on November 01, 2016. More interesting news about Community Health Systems (NYSE:CYH) were released by: Wsj.com and their article: “Community Health Systems Retrenches” published on October 10, 2016 as well as Wsj.com‘s news article titled: “Community Health Systems Faces Heat From Investor” with publication date: October 13, 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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