An issue of Community Health Systems, Inc. (NYSE:CYH) bonds fell 1.3% 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 $74.75 and was trading at $76.63 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its share price.

CYH has been the subject of a number of research analyst reports. ValuEngine downgraded shares of Community Health Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Morgan Stanley dropped their target price on shares of Community Health Systems from $6.50 to $4.50 and set an “underweight” rating for the company in a research report on Friday, November 3rd. Credit Suisse Group initiated coverage on shares of Community Health Systems in a research report on Thursday, November 2nd. They set an “underperform” rating and a $3.50 target price for the company. Jefferies Group reissued a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Tuesday, September 5th. Finally, Robert W. Baird reissued a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $6.47.

Community Health Systems, Inc. (NYSE CYH) opened at $4.19 on Friday. Community Health Systems, Inc. has a fifty-two week low of $3.85 and a fifty-two week 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 quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.47). The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations 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 firm’s revenue was down 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.35) EPS. sell-side analysts anticipate that Community Health Systems, Inc. will post -1.25 EPS for the current fiscal year.

In related news, major shareholder Tian Qiao Chen purchased 100,164 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average price of $3.96 per share, for a total transaction of $396,649.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FrontFour Capital Group LLC purchased a new position in Community Health Systems in the 3rd quarter worth approximately $113,000. California Public Employees Retirement System boosted its holdings in Community Health Systems by 11.3% in the 3rd quarter. California Public Employees Retirement System now owns 1,645,329 shares of the company’s stock worth $12,636,000 after acquiring an additional 167,633 shares during the period. Group One Trading L.P. boosted its holdings in Community Health Systems by 345.2% in the 3rd quarter. Group One Trading L.P. now owns 65,727 shares of the company’s stock worth $505,000 after acquiring an additional 50,962 shares during the period. Pentwater Capital Management LP boosted its holdings in Community Health Systems by 140.0% in the 3rd quarter. Pentwater Capital Management LP now owns 240,000 shares of the company’s stock worth $1,843,000 after acquiring an additional 140,000 shares during the period. Finally, Vident Investment Advisory LLC purchased a new position in Community Health Systems in the 3rd quarter worth approximately $2,327,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

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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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