After Reaching 1 Year Low, Is Community Health Systems, Inc. (CYH)’s Near-Term Analysis Negative?

July 16, 2018 - By Catherine Diaz

Community Health Systems, Inc. (NYSE:CYH) Logo

Investors sentiment increased to 1.1 in 2018 Q1. Its up 0.18, from 0.92 in 2017Q4. It is positive, as 27 investors sold Community Health Systems, Inc. shares while 45 reduced holdings. 27 funds opened positions while 52 raised stakes. 113.53 million shares or 1.67% less from 115.46 million shares in 2017Q4 were reported.
Northern Trust Corporation invested 0% of its portfolio in Community Health Systems, Inc. (NYSE:CYH). Sg Americas Securities Llc invested 0.01% in Community Health Systems, Inc. (NYSE:CYH). Qcm Cayman stated it has 0.12% of its portfolio in Community Health Systems, Inc. (NYSE:CYH). Asset holds 0% or 12,581 shares in its portfolio. Strs Ohio reported 0% in Community Health Systems, Inc. (NYSE:CYH). Convergence Investment Prtn Limited Liability Company invested 0% in Community Health Systems, Inc. (NYSE:CYH). Pinebridge Invests Limited Partnership accumulated 185,561 shares. Amalgamated Retail Bank invested 0% in Community Health Systems, Inc. (NYSE:CYH). 299,000 are owned by Continental Advisors Ltd Liability Corporation. 4,622 are owned by Pnc Svcs Inc. Los Angeles Capital Mgmt & Equity Rech has 0% invested in Community Health Systems, Inc. (NYSE:CYH). Teacher Retirement Systems Of Texas owns 25,419 shares for 0% of their portfolio. State Of Alaska Department Of Revenue owns 36,994 shares. The Minnesota-based Thrivent Financial For Lutherans has invested 0% in Community Health Systems, Inc. (NYSE:CYH). Prudential Fincl invested in 189,194 shares.

Since June 13, 2018, it had 1 buying transaction, and 0 insider sales for $24,995 activity.

The stock of Community Health Systems, Inc. (NYSE:CYH) hit a new 52-week low and has $2.45 target or 9.00 % below today’s $2.69 share price. The 6 months bearish chart indicates high risk for the $303.48M company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $2.45 price target is reached, the company will be worth $27.31 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 5.94% or $0.17 during the last trading session, reaching $2.69. About 1.87 million shares traded. Community Health Systems, Inc. (NYSE:CYH) has declined 54.42% since July 16, 2017 and is downtrending. It has underperformed by 66.99% the S&P500.

Analysts await Community Health Systems, Inc. (NYSE:CYH) to report earnings on August, 7. They expect $-0.42 EPS, down 68.00 % or $0.17 from last year’s $-0.25 per share. After $0.13 actual EPS reported by Community Health Systems, Inc. for the previous quarter, Wall Street now forecasts -423.08 % negative EPS growth.

Community Health Systems, Inc. (NYSE:CYH) Ratings Coverage

Among 7 analysts covering Community Health (NYSE:CYH), 0 have Buy rating, 2 Sell and 5 Hold. Therefore 0 are positive. Community Health had 8 analyst reports since January 30, 2018 according to SRatingsIntel. The firm earned “Underweight” rating on Friday, July 13 by Morgan Stanley. Cantor Fitzgerald maintained the stock with “Hold” rating in Thursday, February 1 report. Mizuho maintained it with “Hold” rating and $4.5000 target in Thursday, March 22 report. The stock of Community Health Systems, Inc. (NYSE:CYH) earned “Hold” rating by SunTrust on Tuesday, April 17. Cantor Fitzgerald maintained Community Health Systems, Inc. (NYSE:CYH) on Tuesday, February 27 with “Hold” rating. The company was maintained on Tuesday, March 6 by Jefferies. The firm has “Hold” rating given on Tuesday, March 13 by RBC Capital Markets.

Another recent and important Community Health Systems, Inc. (NYSE:CYH) news was published by Seekingalpha.com which published an article titled: “Community Health announces final results and expiration of previous exchange offers” on June 20, 2018.

Community Health Systems, Inc., together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The company has market cap of $303.48 million. 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. It currently has negative earnings. The firm also provides outpatient services at urgent care centers, occupational medicine clinics, imaging centers, cancer centers, ambulatory surgery centers, and home health and hospice agencies.

Community Health Systems, Inc. (NYSE:CYH) Institutional Positions Chart

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