Price Action To Observe: What’s Ahead for Community Health Systems After Today’s Big Increase?

Price Action To Observe: What's Ahead for Community Health Systems After Today's Big Increase?

The stock of Community Health Systems (NYSE:CYH) is a huge mover today! About 1.27M shares traded hands. Community Health Systems (NYSE:CYH) has declined 66.47% since April 18, 2016 and is downtrending. It has underperformed by 70.90% the S&P500.
The move comes after 5 months positive chart setup for the $642.33 million company. It was reported on Nov, 18 by Barchart.com. We have $7.92 PT which if reached, will make NYSE:CYH worth $256.93 million more.

Community Health Systems (NYSE:CYH) Ratings Coverage

Out of 19 analysts covering Community Health (NYSE:CYH), 2 rate it a “Buy”, 7 “Sell”, while 10 “Hold”. This means 11% are positive. Community Health has been the topic of 51 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Raymond James downgraded the shares of CYH in a report on Wednesday, January 6 to “Underperform” rating. The rating was downgraded by Mizuho to “Underperform” on Thursday, October 27. The stock of Community Health Systems (NYSE:CYH) earned “Underperform” rating by Raymond James on Monday, April 25. The rating was downgraded by Mizuho on Thursday, October 22 to “Neutral”. The rating was downgraded by Wedbush on Friday, January 8 to “Neutral”. Raymond James upgraded the stock to “Mkt Perform” rating in Thursday, January 28 report. On Thursday, October 22 the stock rating was downgraded by Raymond James to “Outperform”. The stock of Community Health Systems (NYSE:CYH) has “Neutral” rating given on Thursday, October 22 by Susquehanna. Mizuho upgraded the shares of CYH in a report on Friday, August 12 to “Neutral” rating. The firm earned “Neutral” rating on Friday, October 2 by Citigroup.

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 decreased to 0.88 in Q2 2016. Its down 0.52, from 1.4 in 2016Q1. The ratio worsened, 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.
Blackrock holds 0% or 53,217 shares in its portfolio. Moreover, Continental Advsrs Limited Liability Company has 0.65% invested in Community Health Systems (NYSE:CYH) for 174,200 shares. Shanda Asset Mngmt Limited accumulated 4.98M shares or 11.55% of the stock. Everpoint Asset Mngmt Limited Liability has invested 0.17% of its portfolio in Community Health Systems (NYSE:CYH). Nationwide Fund Advsr has 533,484 shares for 0.03% of their US portfolio. Ameritas Invest Prns accumulated 0.02% or 26,435 shares. Burney has 14,867 shares for 0.01% of their US portfolio. Advantus Capital holds 0% or 13,659 shares in its portfolio. The Massachusetts-based Geode Limited Liability Corp has invested 0.01% in Community Health Systems (NYSE:CYH). Gsa Prtnrs Llp holds 0.06% or 89,985 shares in its portfolio. Mutual Of America Capital Ltd Liability holds 0.02% or 83,818 shares in its portfolio. Jefferies Grp Ltd Liability Corporation has 0.01% invested in the company for 133,504 shares. Wellington Llp has 11.26M shares for 0.04% of their US portfolio. Ladenburg Thalmann Services has 0% invested in the company for 2,527 shares. The Kansas-based Creative Planning has invested 0% in Community Health Systems (NYSE:CYH).

Insider Transactions: Since June 13, 2016, the stock had 1 buy, and 1 sale for $9.47 million net activity. Another trade for 5,600 shares valued at $75,163 was made by WATSON H MITCHELL JR on Monday, June 13. On Monday, September 26 Chen Tian Qiao bought $9.55 million worth of the stock or 929,813 shares.

More notable recent Community Health Systems (NYSE:CYH) news were published by: Nasdaq.com which released: “Community Health (CYH) to Vend Rockwood Health System” on November 18, 2016, also Reuters.com with their article: “BRIEF-Community Health Systems to sell Rockwood Health to Multicare Health…” published on November 18, 2016, Fool.com published: “Hospital Stocks Tenet Healthcare Corp. and Community Health Systems Are …” on November 15, 2016. More interesting news about Community Health Systems (NYSE:CYH) were released by: Wsj.com and their article: “Community Health Systems Expanding Sale of Hospitals” published on November 02, 2016 as well as Wsj.com‘s news article titled: “Community Health Systems Swings to Loss” with publication date: November 01, 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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