From MarketBeat:

Community Health Systems was upgraded by stock analysts from a “sell” rating to a “hold” rating on Wednesday. Just three weeks before, several other research firms reduced their price targets for Community Health Systems. The stock’s average target price is $5.50. Shares of Community Health Systems were down by 2.6% during Wednesday’s mid-day trading.

The company’s stock traded down to $3.21. Community Health Systems last issued its earnings report on October 25th, with a notable shortage in EPS. Despite this, equity analysts expect that the company will post -0.95 earnings per share for the current year.

In related news, Director Wayne T. Smith bought 1,000,000 shares of Community Health Systems’ stock on Tuesday, October 31st, altogether spending $2,110,000. Company insiders own 9.90% of the company’s stock.

Institutional investors are divided about Community Health Systems, with some like Jump Financial LLC having newly purchased positions while others like Metropolitan Life Insurance Co NY boosted holdings by 83.3% during the 4th quarter. Collectively, 76.80% of the company’s stock is owned by institutional investors and hedge funds.

Community Health Systems offers a variety of healthcare services through its general acute care hospitals, ER services, surgery, critical care, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.



Read more: Community Health Systems (NYSE:CYH) Stock Rating Upgraded by StockNews.com