Hospitals Stocks on Investors' Radar -- Community Health Systems, HCA Holdings, Tenet Healthcare, and Select Medical
NEW YORK, August 22, 2016 /PRNewswire/ --
Today's pre-market research on Stock-Callers.com brings investors back to the Hospitals industry which continues to struggle with labor costs. As per industry experts, wage inflation for private hospitals in the second quarter was the largest in eight years. Let us see how this has affected the performances of the following equities over the last few trading sessions: Community Health Systems Inc. (NYSE: CYH), HCA Holdings Inc. (NYSE: HCA), Tenet Healthcare Corp. (NYSE: THC), and Select Medical Holdings Corp. (NYSE: SEM). Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Community Health Systems
Franklin, Tennessee headquartered Community Health Systems Inc.'s stock finished last Friday's session 1.79% higher at $10.21 and with a total volume of 4.24 million shares traded. Shares of the Company, which together with its subsidiaries, owns, leases, and operates general acute care hospitals in the US, are trading below their 50-day moving average by 18.47%. The stock has a Relative Strength Index (RSI) of 27.86.
On August 3rd, 2016, Community Health Systems reported that net operating revenues for the three months ended June 30th, 2016, totaled $4.590 billion compared with $4.882 billion for the same period in 2015. Net income attributable to the company's common stockholders was a loss of $(12.91) per share (diluted) for Q2 2016, compared with income of $0.95 per share (diluted) for the same period in 2015. During the three months ended June 30th, 2016, the company recorded a non-cash impairment charge of $1.400 billion to reduce the value of goodwill for the Company's hospital reporting unit.
On August 12th, 2016, research firm Mizuho upgraded the Company's stock rating from 'Underperform' to 'Neutral', issuing a target price of $10.50 per share. CYH complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=CYH
HCA Holdings
On Friday, shares in Nashville, Tennessee headquartered HCA Holdings Inc. ended the session 0.20% lower at $74.51 with a total volume of 1.89 million shares traded. The stock has gained 10.17% on an YTD basis and is trading 1.20% above its 200-day moving average. Shares of the Company, which through its subsidiaries, provides health care services in the US, have an RSI of 37.82.
On July 29th, 2016, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $102 a share to $97 a share.
On August 8th, 2016, HCA Holdings announced that its wholly owned subsidiary, HCA Inc., proposes to offer, $1.0 billion aggregate principal amount of senior secured notes. HCA Inc. intends to use the net proceeds of this offering to refinance a portion of its term loan B-4 facility and for general corporate purposes. The complimentary report on HCA can be downloaded at:
http://stock-callers.com/registration/?symbol=HCA
Tenet Healthcare
Dallas, Texas headquartered Tenet Healthcare Corp.'s stock fell 0.58%, closing the session at $24.02. A total volume of 2.80 million shares was traded, which was above their three months average volume of 1.44 million shares. The Company's shares are trading 15.02% below their 50-day moving average. Additionally, shares of Tenet Healthcare, which together with its subsidiaries, primarily operates acute care hospitals and related healthcare facilities, have an RSI of 24.74.
On August 1st, 2016, Tenet Healthcare reported a net loss from continuing operations of $44 million Q2 2016, a $16 million improvement when compared to a $60 million net loss from continuing operations in Q2 2015. Net operating revenue in the hospital operations and other segment increased to $4.202 billion, up 0.6% from $4.175 billion in Q2 2015. On a same-hospital basis, patient revenue increased to $3.743 billion, up 4.4% from $3.586 billion in Q2 2015.
On August 02nd, 2016, research firm Mizuho reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $33 a share to $28 a share. Sign up for your complimentary research report on THC at:
http://stock-callers.com/registration/?symbol=THC
Select Medical Holdings
On Friday, shares in Mechanicsburg, Pennsylvania headquartered Select Medical Holdings Corp. recorded a trading volume of 543,516 shares. The stock ended the day 0.17% lower at $11.51. The Company's shares are trading above their 50-day and 200-day moving averages by 1.62% and 1.27%, respectively. Furthermore, shares of Select Medical Holdings, which through its subsidiary, Select Medical Corporation, operates specialty hospitals and outpatient rehabilitation clinics in the US, have an RSI of 50.72.
On August 4th, 2016, the company reported that for Q2 ended June 30th, 2016, net operating revenues increased 23.7% to $1,097.6 million, compared to $887.1 million for the same quarter in 2015. Net income was $40.9 million for Q2 ended June 30th, 2016, compared to $40.1 million for Q2 2015. Get free access to your research report on SEM at:
http://stock-callers.com/registration/?symbol=SEM
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