Community Health Systems (NYSE:CYH)’s share price shot up 5.4% during mid-day trading on Monday . The stock traded as high as $3.98 and last traded at $3.90. 1,887,087 shares traded hands during trading, an increase of 4% from the average session volume of 1,807,203 shares. The stock had previously closed at $3.70.
Several research firms have recently issued reports on CYH. Zacks Investment Research lowered shares of Community Health Systems from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. ValuEngine cut Community Health Systems from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Cantor Fitzgerald lowered their price objective on Community Health Systems from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, October 31st. Finally, UBS Group began coverage on Community Health Systems in a research note on Thursday, November 15th. They set a “sell” rating and a $2.00 price objective for the company. Five research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.50.
The firm has a market capitalization of $430.25 million, a PE ratio of -3.25 and a beta of 2.51.
Hedge funds have recently bought and sold shares of the company. LPL Financial LLC raised its position in Community Health Systems by 41.2% in the 3rd quarter. LPL Financial LLC now owns 153,126 shares of the company’s stock worth $530,000 after buying an additional 44,697 shares during the last quarter. BlackRock Inc. raised its position in Community Health Systems by 5.8% in the 2nd quarter. BlackRock Inc. now owns 15,839,085 shares of the company’s stock worth $52,587,000 after buying an additional 872,001 shares during the last quarter. Millennium Management LLC purchased a new position in Community Health Systems in the 2nd quarter worth about $1,618,000. MetLife Investment Advisors LLC raised its holdings in shares of Community Health Systems by 59.8% during the third quarter. MetLife Investment Advisors LLC now owns 69,351 shares of the company’s stock valued at $240,000 after purchasing an additional 25,942 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in shares of Community Health Systems by 9.3% during the third quarter. Vanguard Group Inc now owns 11,219,038 shares of the company’s stock valued at $38,817,000 after purchasing an additional 957,865 shares during the last quarter. Hedge funds and other institutional investors own 99.09% of the company’s stock.
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About Community Health Systems (NYSE:CYH)
Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.
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