Leerink Swann Equities Analysts Reduce Earnings Estimates for Community Health Systems, Inc. (NYSE:CYH)

Community Health Systems, Inc. (NYSE:CYH) – Analysts at Leerink Swann cut their FY2018 earnings per share estimates for Community Health Systems in a research note issued on Wednesday. Leerink Swann analyst A. Gupte now expects that the company will post earnings per share of $0.83 for the year, down from their prior estimate of $0.95.

A number of other analysts have also recently commented on the stock. Vetr upgraded shares of Community Health Systems from a “strong sell” rating to a “sell” rating and set a $7.83 price objective for the company in a research report on Tuesday, March 21st. Mizuho lowered their price objective on shares of Community Health Systems from $10.00 to $7.50 and set a “neutral” rating for the company in a research report on Monday, March 27th. Deutsche Bank AG initiated coverage on shares of Community Health Systems in a research report on Wednesday, April 5th. They issued a “hold” rating and a $11.00 price objective for the company. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 3rd. Finally, Morgan Stanley initiated coverage on shares of Community Health Systems in a research report on Tuesday, June 6th. They issued an “underweight” rating and a $9.50 price objective for the company. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.62.

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Shares of Community Health Systems (CYH) traded down 5.52% during trading on Thursday, hitting $9.25. The company had a trading volume of 2,001,055 shares. Community Health Systems has a 12-month low of $4.15 and a 12-month high of $13.59. The firm has a 50 day moving average of $9.25 and a 200 day moving average of $8.17. The stock’s market cap is $1.04 billion.

Community Health Systems (NYSE:CYH) last issued its earnings results on Monday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The business had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Community Health Systems had a positive return on equity of 1.79% and a negative net margin of 10.77%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS.

A number of large investors have recently modified their holdings of CYH. Russell Investments Group Ltd. bought a new stake in shares of Community Health Systems during the fourth quarter valued at about $606,000. New York State Teachers Retirement System increased its stake in shares of Community Health Systems by 19.4% in the fourth quarter. New York State Teachers Retirement System now owns 238,900 shares of the company’s stock valued at $1,335,000 after buying an additional 38,820 shares during the period. State of Tennessee Treasury Department increased its stake in shares of Community Health Systems by 138.4% in the first quarter. State of Tennessee Treasury Department now owns 217,398 shares of the company’s stock valued at $1,929,000 after buying an additional 126,208 shares during the period. Nationwide Fund Advisors increased its stake in shares of Community Health Systems by 214.9% in the first quarter. Nationwide Fund Advisors now owns 238,001 shares of the company’s stock valued at $2,111,000 after buying an additional 162,431 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Community Health Systems by 47.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 271,332 shares of the company’s stock valued at $1,516,000 after buying an additional 87,876 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

Earnings History and Estimates for Community Health Systems (NYSE:CYH)

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