While looking at the Stock’s Performance, Community Health Systems, Inc. now shows a Weekly Performance of -11.28%, where Monthly Performance is -21.01%, Quarterly performance is -19.32%, 6 Months performance is -18.07% and yearly performance percentage is -79.34%.
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According to Zacks, “Community Health’s second quarter results were disappointing”. It has 112.49 million of outstanding shares and its shares float measured at 109.22. We also believe that strategic buyouts will drive the company’s penetration into the healthcare services market, which in turn, will enhance its competitive position as well as drive significant growth. (NYSE:CYH) fell -5.84% in trading session and finally closed at $10.15.
The stock is now trading at Distance from 20-Day simple moving Average of -11.26% whereas, Distance from 50-Day Simple moving average is -14.09 Percent and Distance from 200-Day Simple Moving Average of -32.68 percent. The company has a 52-week high of $49.26 and a 52-week low of the share price is $10.53. That puts the market capitalization at $107.86 bln.
A look at performance overview of Community Health Systems, Inc. depicts that Performance (Week) is -7.62 percent while Performance Month is -14.5%. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.47.
In case of Revenue Estimates, 16 analysts have provided their consensus Average Revenue Estimates for Community Health Systems, Inc.as 4.23 Billion. The firm’s quarterly revenue was down 6.0% on a year-over-year basis.
Community Health Systems, Inc. was upgraded to “neutral” by analysts at Mizuho.
A number of hedge funds and institutional investors recently added to or reduced their stakes in CYH. On May 24, 2016, Morgan Stanley said it Downgrades its rating on Community Health Systems. Massachusetts Financial Services Co.
04/25/2016 – Community Health Systems, Inc. was downgraded to “underperform” by analysts at Raymond James. According to U.S. Security Exchange Commission Filing, Smith Wayne T is one of the major insider shareholder of the company’s stock, the insider owns 1,425,081shares reported on Mar 1, 2016.
The company has a PEG ratio of 3.27. The company recent traded volume was higher than its average volume of 1.06 million shares. Also, the Hold rating count is 18 as of 42597. The stock has been given a mean “HOLD” rating after the consensus analysis of “22” Analysts. The count of Hold ratings in that period was 16.
In a related news, The director, of Community Health Systems Inc, Watson H Mitchell Jr had unloaded 5,600 shares at $13.42 per share in a transaction on June 13, 2016.
Out of 18 analysts covering Community Health Systems (NYSE:CYH), 2 rate it a “Buy”, 4 “Sell”, while 12 “Hold”.
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Community Health Systems, Inc.is an operator of general acute care hospitals in communities. It provides a range of hospital healthcare services and other outpatient services to patients in the communities in which the Company is located. It operates in two operating segments: hospital operations and home care agencies operations.
