Why Shanda Media Ltd Reported Community Health Systems Inc Position?

Paterniano Del Favero
Agosto 16, 2017

CYH has been the subject of several research analyst reports. BlueCrest Capital Management Ltd bought a new position in shares of Community Health Systems during the second quarter worth about $244,000. Hedge funds and other institutional investors own 95.64% of the company's stock. Nationwide Fund Advisors raised its stake in shares of Community Health Systems by 214.9% in the first quarter. The stock plummeted -21.05 percent over the past month and rose 31.48 percent year-to-date. State of Alaska Department of Revenue increased its stake in Community Health Systems by 80.1% in the second quarter. (NYSE:CYH) will report earnings per share of $0.06 for the current fiscal quarter, Zacks Investment Research reports. Community Health Systems, Inc. The business's revenue for the quarter was down 9.7% on a year-over-year basis. Fox Run Management L.L.C. purchased a new stake in Community Health Systems during the second quarter worth $126,000. The reporting parties listed on the disclosure included Tianqiao Chen, Shanda Media Limited, Shanda Investment Group Limited, Shanda Technology Overseas Capital Company Limited and Shanda Asset Management Holdings Limited. Morgan Stanley started coverage on shares of Community Health Systems in a research note on Tuesday, June 6th. Some are: Shanda Asset Management Holdings Ltd, Accipiter Capital Management Llc. Point72 Asset Management L.P. now owns 1,344,100 shares of the company's stock valued at $11,922,000 after buying an additional 1,020,600 shares in the last quarter. (NYSE:CYH) debt fell 0.9% as a percentage of its face value during trading on Tuesday. (CYH) closed its previous trading session at $6.88 with the loss of -6.39%. 6,021,973 shares of the company's stock were exchanged. The company's 50 day moving average price is $9.20 and its 200-day moving average price is $8.57. The company's market cap is $687.22 Million, and the average volume is 3.46 Million. Community Health Systems has a 52 week low of $4.15 and a 52 week high of $13.28. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by $0.31.

On the other hand the company has Relative Strength Index (RSI 14) of 45.77 along with Average True Range (ATR 14) of 0.51, Consequently Community Health Systems (NYSE:CYH)'s weekly and monthly volatility is 10.90%, 6.31% respectively. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.14 billion. For the next year, analysts anticipate that the firm will post earnings of $0.80 per share, with EPS estimates ranging from $0.40 to $1.59. Zacks Investment Research's earnings per share averages are an average based on a survey of analysts that cover Community Health Systems. Nisa Investment Advisors LLC now owns 22,750 shares of the company's stock valued at $227,000 after buying an additional 250 shares during the period. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US & worldwide trademark & copyright legislation. HighTower Advisors LLC acquired a new stake in shares of Community Health Systems during the first quarter valued at approximately $152,000.

A number of research firms have weighed in on CYH. The correct version of this article can be viewed at https://baseballnewssource.com/markets/community-health-systems-cyh-sell-rating-reiterated-at-piper-jaffray-companies-updated-updated/1298247.html. Community Health Systems now has a consensus rating of "Hold" and an average price target of $8.02. BidaskClub raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a research note on Tuesday, June 27th. Finally, Mizuho reaffirmed a "neutral" rating and issued a $7.00 price target (down from $7.50) on shares of Community Health Systems in a report on Wednesday, August 2nd. They set a "hold" rating and a $11.00 target price on the stock. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of "Hold" and an average target price of $8.62.

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country.

These funds have also shifted positions in (CYH).

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