Community Health Systems (NYSE:CYH)’s share price hit a new 52-week low on Thursday . The stock traded as low as $2.58 and last traded at $2.66, with a volume of 2635325 shares. The stock had previously closed at $2.80.

Several brokerages have recently weighed in on CYH. Cantor Fitzgerald reiterated a “hold” rating and issued a $6.00 price objective on shares of Community Health Systems in a research note on Thursday. ValuEngine upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Morgan Stanley lowered their price objective on shares of Community Health Systems from $3.50 to $3.00 and set an “underweight” rating on the stock in a research note on Thursday, August 16th. Barclays began coverage on shares of Community Health Systems in a research note on Tuesday, August 14th. They issued an “underweight” rating and a $3.00 price objective on the stock. Finally, Robert W. Baird reiterated a “hold” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Community Health Systems in a research note on Friday, July 27th. Nine analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $3.93.

The company has a market capitalization of $402.24 million, a P/E ratio of -2.18 and a beta of 1.69. The company has a current ratio of 1.79, a quick ratio of 1.58 and a debt-to-equity ratio of -17.03.

Community Health Systems (NYSE:CYH) last released its earnings results on Thursday, July 26th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.42. Community Health Systems had a negative net margin of 16.16% and a negative return on equity of 36.38%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter last year, the business earned ($0.25) EPS. The firm’s revenue was down 14.0% compared to the same quarter last year. On average, equities analysts forecast that Community Health Systems will post -1.49 earnings per share for the current year.

In other news, insider Patton Paul Smith bought 10,000 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were bought at an average price of $3.51 per share, for a total transaction of $35,100.00. Following the purchase, the insider now owns 103,417 shares in the company, valued at $362,993.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have acquired 25,000 shares of company stock worth $83,350. 3.80% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Paloma Partners Management Co raised its position in shares of Community Health Systems by 250.0% during the second quarter. Paloma Partners Management Co now owns 35,000 shares of the company’s stock valued at $116,000 after buying an additional 25,000 shares during the last quarter. Element Capital Management LLC bought a new stake in shares of Community Health Systems during the first quarter valued at approximately $199,000. Aperio Group LLC raised its position in shares of Community Health Systems by 110.0% during the first quarter. Aperio Group LLC now owns 58,164 shares of the company’s stock valued at $230,000 after buying an additional 30,467 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Community Health Systems by 885.5% during the first quarter. Cubist Systematic Strategies LLC now owns 84,494 shares of the company’s stock valued at $335,000 after buying an additional 75,920 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Community Health Systems by 43.9% during the second quarter. Canada Pension Plan Investment Board now owns 102,000 shares of the company’s stock valued at $339,000 after buying an additional 31,100 shares during the last quarter. Institutional investors own 97.55% of the company’s stock.

About Community Health Systems (NYSE:CYH)

Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. 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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Receive News & Ratings for Community Health Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems and related companies with MarketBeat.com's FREE daily email newsletter.