Worth Watching: What’s Propelling Community Health Systems to Reach 52 Week Low?

Worth Watching: What's Propelling Community Health Systems to Reach 52 Week Low?

The stock of Community Health Systems (NYSE:CYH) hit a new 52-week low and has $3.74 target or 12.00% below today’s $4.25 share price. The 8 months bearish chart indicates high risk for the $475.19M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $3.74 price target is reached, the company will be worth $57.02M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 19.66M shares traded hands or 167.12% up from the average. Community Health Systems (NYSE:CYH) has declined 61.42% since April 7, 2016 and is downtrending. It has underperformed by 66.20% the S&P500.

Community Health Systems (NYSE:CYH) Ratings Coverage

Out of 19 analysts covering Community Health (NYSE:CYH), 2 rate it a “Buy”, 6 “Sell”, while 11 “Hold”. This means 11% are positive. Community Health has been the topic of 50 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Mizuho upgraded the stock to “Neutral” rating in Friday, August 12 report. The stock has “Underperform” rating given by Raymond James on Wednesday, January 6. Raymond James downgraded Community Health Systems (NYSE:CYH) on Thursday, October 22 to “Outperform” rating. Citigroup initiated the shares of CYH in a report on Friday, October 2 with “Neutral” rating. The company was initiated on Wednesday, September 16 by JP Morgan. The firm has “Positive” rating by Susquehanna given on Wednesday, September 14. Citigroup maintained the stock with “Neutral” rating in Friday, August 5 report. The firm earned “Sector Perform” rating on Wednesday, November 9 by RBC Capital Markets. Wells Fargo downgraded the stock to “Market Perform” rating in Monday, January 4 report. The stock of Community Health Systems (NYSE:CYH) earned “Mkt Perform” rating by Raymond James on Thursday, August 13.

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 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.
Tfs Ltd Liability Company holds 27,851 shares or 0.06% of its portfolio. Connor Clark & Lunn Investment Mgmt Ltd accumulated 0.08% or 886,649 shares. Us Financial Bank De holds 675 shares or 0% of its portfolio. Stifel Corporation, a Missouri-based fund reported 12,742 shares. Moreover, Credit Suisse Ag has 0% invested in Community Health Systems (NYSE:CYH) for 164,722 shares. First Quadrant Ltd Partnership Ca holds 0.43% of its portfolio in Community Health Systems (NYSE:CYH) for 1.61 million shares. Nj State Employees Deferred Compensation Plan reported 50,000 shares or 0.13% of all its holdings. Fmr Limited Com accumulated 2.89M shares or 0% of the stock. Texas Permanent School Fund has invested 0.01% of its portfolio in Community Health Systems (NYSE:CYH). Gemmer Asset Management Limited Liability Corp reported 217 shares or 0% of all its holdings. Neuberger Berman Gru Limited Company holds 0% or 70,103 shares in its portfolio. Shell Asset Co accumulated 39,980 shares or 0.01% of the stock. Hutchin Hill Cap Ltd Partnership last reported 93,100 shares in the company. Rhenman & Partners Asset Mngmt Ab last reported 175,000 shares in the company. Palo Capital has invested 0.12% of its portfolio in Community Health Systems (NYSE:CYH).

Insider Transactions: Since June 13, 2016, the stock had 1 insider purchase, and 1 insider sale for $9.47 million net activity. Chen Tian Qiao bought $9.55M worth of stock or 929,813 shares. 5,600 Community Health Systems (NYSE:CYH) shares with value of $75,163 were sold by WATSON H MITCHELL JR.

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 Bizjournals.com with their article: “Nashville hospital company stocks down in wake of Trump victory” published on November 09, 2016, Wsj.com published: “Community Health Systems Swings to Loss” on November 01, 2016. More interesting news about Community Health Systems (NYSE:CYH) were released by: Wsj.com and their article: “Community Health Systems Faces Heat From Investor” published on October 13, 2016 as well as Fool.com‘s news article titled: “Why Community Health Systems Dropped 43.1% Today” with publication date: October 27, 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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