Community Health Systems (NYSE:CYH) Traded 7.3% Higher After Analyst Upgrade

Community Health Systems, Inc. (NYSE: CYH – Receive Rating) shares rose 7.3% during trading Friday after Oppenheimer raised his price target on the stock from $5.00 to $5.50. Oppenheimer currently has an Outperform rating on the stock. Community Health Systems traded as high as $4.74 and last traded at $4.72. 137,642 shares changed hands during trading, a decline of 94% from the average session volume of 2,260,489 shares. The stock previously closed at $4.40.

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Several other research firms have also issued reports on CYH. Wells Fargo & Company raised its target price on Community Health Systems from $3.00 to $4.50 and gave the company an “equal weight” rating in a report on Tuesday, January 3. began coverage on Community Health Systems in a report on Wednesday, October 12. He issued a “Sell” rating for the company. Finally, Credit Suisse Group cut its target price on Community Health Systems from $4.00 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, November 23. One research analyst has rated the stock with a Sell rating, four have issued a Hold rating and one has issued a Buy rating on the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.97.

Institutional Business of Community Health Systems

A number of institutional investors have bought and sold shares of the business recently. Teja Capital Management LLC acquired new stake in shares of Community Health Systems valued at approximately $27,000 during the third quarter. Ellis Investment Partners LLC soared 109.1% in shares of Community Health Systems during the second quarter. Ellis Investment Partners LLC now owns 9,200 shares of the company’s stock valued at $34,000 after purchasing an additional 4,800 shares in the last quarter. Vantage Consulting Group Inc. boosted its position in shares of Community Health Systems to 66.1% during the third quarter. Vantage Consulting Group Inc. now owns 18,484 shares of the company valued at $40,000 after buying an additional 7,353 shares in the last quarter. Pathstone Family Office LLC acquired new stakes in Community Health Systems stock valued at approximately $42,000 during the third quarter. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Community Health Systems shares worth approximately $43,000 during the fourth quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Community Health System Value Display

The stock has a 50-day moving average price of $3.85 and a 200-day moving average price of $3.33. The firm’s market cap is $635.85 million, price-to-earnings ratio -3.13 and beta of 1.81.

Community Health Systems (NYSE:CYH – GATE Rating) last posted its earnings results on Wednesday, October 26. The company reported EPS of ($0.52) for the quarter, missing analysts’ consensus estimates of $0.05 ($0.57). The firm’s revenue during the quarter was $3.03 billion, compared with analyst estimates of $3.06 billion. As a group, equity research analysts estimate that Community Health Systems, Inc. Will post -2.49 earnings per share for the current year.

About Community Health Systems

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Community Health Systems, Inc. owns, leases and operates general acute care hospitals in the United States. It provides general acute care, emergency room, general and specialized surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services, as well as skilled nursing and home care services.

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