Stock's Stunning Activities: Community Health Systems, Inc. (NYSE:CYH)

Community Health Systems' Margin Pressures Continued In Q3

Citigroup Inc. lowered their price target on shares of Community Health Systems from $17.00 to $14.00 and set a neutral rating for the company in a research report on Friday, August 5th.

The nation's second largest hospital chain has seen its financial performance tumble in recent years after acquiring the debt-laden hospital chain, Health Management Associates, in 2014. Morgan Stanley reiterated a sell rating and issued a $15.00 price target on shares of Community Health Systems in a report on Wednesday, August 3rd. The stock of Community Health Systems (NYSE:CYH) earned "Neutral" rating by Bank of America on Thursday, October 22. The consensus rating is 2.2, suggesting the market has given up on the stock.

Susquehanna is following shares of Community Health Systems, Inc. The company said Thursday that adjusted net income was $618 million, or $1.59 a share, compared with $449 million, or $1.05 a share, for the year-ago quarter.

Robert W. Baird downgraded the shares to Underperform and slashed its price target to $8 from $12.

In TrueCar, Inc. (NASDAQ:TRUE) latest quarter ended on 30 Jun 2016, company revealed earnings of $-0.05 a share. The average stock price target is $16.55 with 2 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 15 brokerages rating the stock a hold, 3 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell. The firm's 50-day moving average price is $10.75 and its 200 day moving average price is $12.67. Community Health Systems now does not expect to achieve these targeted expense reductions due to increases in health insurance costs, costs of state supplemental programs, medical specialist fees, and implant supply costs, among other expenses. The firm has "Market Perform" rating given on Wednesday, November 4 by Leerink Swann. Shares registered one year high at $26.55 and the one year low of $9.66.

3 Insider Sales transactions were made totaling 12500 shares traded. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have issued a buy rating to the company's stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In another action over the summer, CHS spun off Quorum Health Corp., 38 smaller, rural hospitals, into its own public company, raising $1.2 billion, according to its quarterly reports. This should be of little surprise to participants who has owned shares that "missed the consensus" and, as a result, witnessed decline in value. Chen Tian Qiao also bought $9.55 million worth of Community Health Systems (NYSE:CYH) on Monday, September 26. North Tide Ltd Llc has 5.37% invested in the company for 4.00 million shares.

Universal Health, meanwhile, reported income of $1.60 a share, compared with $1.53 a year ago. Community Health Systems also reduced its 2016 EBITDA outlook by 10% at mid-point to US$2.2-$2.275 bln (from $2.4-$2.55 bln prior). Tower Research Capital Limited Liability Com (Trc) accumulated 0.01% or 11,301 shares. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States.

The company had warned the shift toward managed-cared plans would lower its operating revenue, as plan administrators negotiate lower rates.

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