Community Health Systems, Inc. (NYSE:CYH – Get Rating) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 8,920,000 shares, an increase of 23.5% from the May 31st total of 7,220,000 shares. Currently, 8.0% of the company’s shares are short sold. Based on an average trading volume of 2,050,000 shares, the short-interest ratio is currently 4.4 days.
Community Health Systems stock traded up $0.28 during mid-day trading on Monday, reaching $4.03. 151,717 shares of the company were exchanged, compared to its average volume of 1,769,906. Community Health Systems has a twelve month low of $3.67 and a twelve month high of $16.62. The firm’s 50-day simple moving average is $5.54 and its two-hundred day simple moving average is $9.77. The firm has a market cap of $542.82 million, a PE ratio of 1.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95.
Community Health Systems (NYSE:CYH – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Community Health Systems had a negative return on equity of 20.58% and a net margin of 2.36%. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period last year, the firm earned $0.36 EPS. Sell-side analysts predict that Community Health Systems will post 1.13 EPS for the current fiscal year.
In related news, Director James S. Ely III purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were bought at an average price of $5.12 per share, for a total transaction of $51,200.00. Following the acquisition, the director now directly owns 261,299 shares in the company, valued at $1,337,850.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System lifted its position in Community Health Systems by 2.1% during the 1st quarter. Maryland State Retirement & Pension System now owns 50,230 shares of the company’s stock worth $596,000 after acquiring an additional 1,036 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Community Health Systems by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 159,334 shares of the company’s stock valued at $1,891,000 after buying an additional 1,634 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of Community Health Systems by 56.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,511 shares of the company’s stock valued at $7,462,000 after buying an additional 1,994 shares during the period. Rhumbline Advisers lifted its holdings in shares of Community Health Systems by 0.9% in the 4th quarter. Rhumbline Advisers now owns 228,141 shares of the company’s stock valued at $3,037,000 after buying an additional 2,132 shares during the period. Finally, Strs Ohio lifted its holdings in shares of Community Health Systems by 4.2% in the 4th quarter. Strs Ohio now owns 59,000 shares of the company’s stock valued at $785,000 after buying an additional 2,400 shares during the period. 78.41% of the stock is owned by institutional investors.
CYH has been the topic of several recent research reports. Bank of America downgraded Community Health Systems from a “buy” rating to a “neutral” rating and cut their price target for the stock from $7.50 to $5.50 in a report on Wednesday, June 15th. Credit Suisse Group dropped their price objective on Community Health Systems to $10.50 in a report on Friday, June 3rd. StockNews.com assumed coverage on Community Health Systems in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup dropped their price objective on Community Health Systems from $18.00 to $14.00 in a report on Friday, April 29th. Finally, Wells Fargo & Company began coverage on Community Health Systems in a report on Monday, March 28th. They issued an “equal weight” rating and a $12.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, Community Health Systems presently has an average rating of “Hold” and a consensus target price of $10.84.
Community Health Systems Company Profile (Get Rating)
Community Health Systems, Inc 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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