November 29, 2016 - By Marguerite Chambers · 0 Comments
Community Health Systems Inc (NYSE:CYH) institutional sentiment decreased to 0.88 in 2016 Q2. Its down -0.52, from 1.4 in 2016Q1. The ratio fall, as 141 institutional investors opened new and increased holdings, while 101 cut down and sold stock positions in Community Health Systems Inc. The institutional investors in our partner’s database reported: 118.59 million shares, up from 101.36 million shares in 2016Q1. Also, the number of institutional investors holding Community Health Systems Inc in their top 10 holdings decreased from 7 to 4 for a decrease of 3. Sold All: 35 Reduced: 66 Increased: 105 New Position: 36.
Community Health Systems, Inc. is an operator of general acute care hospitals in communities. The company has a market cap of $566.69 million. 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. It currently has negative earnings. The Firm operates through two divisions: hospital activities and home care agencies operations.
About 1.65 million shares traded hands. Community Health Systems (NYSE:CYH) has declined 72.85% since April 26, 2016 and is downtrending. It has underperformed by 78.11% the S&P500.
Analysts await Community Health Systems (NYSE:CYH) to report earnings on February, 20. They expect $0.10 EPS, up 135.71% or $0.38 from last year’s $-0.28 per share. CYH’s profit will be $10.55M for 13.43 P/E if the $0.10 EPS becomes a reality. After $-0.35 actual EPS reported by Community Health Systems for the previous quarter, Wall Street now forecasts -128.57% EPS growth.
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.”
Accipiter Capital Management Llc holds 14.09% of its portfolio in Community Health Systems for 1.43 million shares. Shanda Asset Management Holdings Ltd owns 4.98 million shares or 11.55% of their US portfolio. Moreover, North Tide Capital Llc has 5.37% invested in the company for 4.00 million shares. The Illinois-based William Harris Investors Inc has invested 2.85% in the stock. Snow Capital Management Lp, a Pennsylvania-based fund reported 3.79 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 1 sale for $9.47 million net activity.
Ratings analysis reveals 11% of Community Health’s analysts are positive. Out of 19 Wall Street analysts rating Community Health, 2 give it “Buy”, 7 “Sell” rating, while 10 recommend “Hold”. The lowest target is $3 while the high is $83. The stock’s average target of $22.86 is 325.70% above today’s ($5.37) share price. CYH was included in 51 notes of analysts from August 5, 2015. The stock of Community Health Systems (NYSE:CYH) earned “Mkt Perform” rating by Raymond James on Thursday, August 13. Mizuho downgraded the stock to “Neutral” rating in Thursday, October 22 report. The rating was maintained by RBC Capital Markets on Wednesday, November 4 with “Outperform”. Citigroup initiated the shares of CYH in a report on Friday, October 2 with “Neutral” rating. The firm has “Underperform” rating given on Wednesday, January 6 by Raymond James. On Friday, August 5 the stock rating was maintained by Citigroup with “Neutral”. The rating was downgraded by Leerink Swann to “Market Perform” on Tuesday, August 9. As per Wednesday, September 14, the company rating was upgraded by Susquehanna. RBC Capital Markets maintained Community Health Systems (NYSE:CYH) rating on Wednesday, August 5. RBC Capital Markets has “Outperform” rating and $82 price target. Oppenheimer maintained it with “Outperform” rating and $70 target price in Thursday, October 22 report.
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.
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, 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: Fool.com and their article: “Why Marvell Technology, Nuance Communications, and Community Health Systems …” published on November 18, 2016 as well as Streetinsider.com‘s news article titled: “Moody’s Changes Outlook on Community Health Systems (CYH) to Negative; SGL …” with publication date: November 21, 2016.
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By Marguerite Chambers