An issue of Community Health Systems, Inc. (NYSE:CYH) bonds fell 2.5% as a percentage of their face value during trading on Thursday. The high-yield issue of debt has a 7.125% coupon and is set to mature on July 15, 2020. The debt is now trading at $77.00 and was trading at $78.50 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its stock price.

CYH has been the topic of several recent research reports. ValuEngine raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $6.00 price target on shares of Community Health Systems in a research note on Sunday, November 5th. UBS reaffirmed a “neutral” rating and issued a $8.00 price target (down previously from $10.00) on shares of Community Health Systems in a research note on Wednesday, August 23rd. Finally, Citigroup decreased their price target on Community Health Systems from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. Community Health Systems has an average rating of “Hold” and a consensus target price of $6.47.

Community Health Systems, Inc. (NYSE CYH) traded up $0.07 during mid-day trading on Friday, hitting $4.28. The stock had a trading volume of 1,806,965 shares, compared to its average volume of 2,456,137. Community Health Systems, Inc. has a 12 month low of $3.85 and a 12 month high of $10.51. The company has a quick ratio of 1.86, a current ratio of 2.05 and a debt-to-equity ratio of 10.62.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.47). The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.70 billion. Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The company’s revenue was down 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) EPS. equities research analysts predict that Community Health Systems, Inc. will post -1.25 earnings per share for the current fiscal year.

In other news, major shareholder Tian Qiao Chen bought 100,164 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was bought at an average price of $3.96 per share, for a total transaction of $396,649.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Community Health Systems by 4.3% during the second quarter. Vanguard Group Inc. now owns 10,377,548 shares of the company’s stock worth $103,361,000 after purchasing an additional 424,006 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Community Health Systems by 31.3% during the third quarter. Dimensional Fund Advisors LP now owns 6,508,663 shares of the company’s stock worth $49,986,000 after purchasing an additional 1,551,499 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Community Health Systems by 226.4% during the third quarter. JPMorgan Chase & Co. now owns 4,228,000 shares of the company’s stock worth $31,880,000 after purchasing an additional 2,932,700 shares during the period. Royce & Associates LP grew its stake in shares of Community Health Systems by 10.0% during the third quarter. Royce & Associates LP now owns 2,482,295 shares of the company’s stock worth $19,064,000 after purchasing an additional 226,500 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Community Health Systems by 11.3% during the third quarter. California Public Employees Retirement System now owns 1,645,329 shares of the company’s stock worth $12,636,000 after purchasing an additional 167,633 shares during the period. 94.74% of the stock is owned by institutional investors and hedge funds.

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Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

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