An issue of Community Health Systems (NYSE:CYH) bonds rose 2% against their face value during trading on Tuesday. The debt issue has a 6.875% coupon and will mature on February 1, 2022. The bonds in the issue are now trading at $66.00 and were trading at $65.75 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

Several research firms recently weighed in on CYH. Zacks Investment Research downgraded Community Health Systems from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. ValuEngine upgraded Community Health Systems from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Morgan Stanley set a $4.00 target price on Community Health Systems and gave the stock a “sell” rating in a research report on Friday, February 22nd. Finally, Barclays set a $4.00 target price on Community Health Systems and gave the stock a “sell” rating in a research report on Friday, February 22nd. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company. Community Health Systems currently has an average rating of “Hold” and a consensus price target of $3.68.

NYSE CYH traded up $0.10 during trading hours on Tuesday, hitting $4.42. 3,867,785 shares of the company’s stock were exchanged, compared to its average volume of 2,239,906. The company has a market capitalization of $500.94 million, a PE ratio of -2.28 and a beta of 2.64. Community Health Systems has a 12-month low of $2.48 and a 12-month high of $5.35.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, February 20th. The company reported ($0.42) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.59) by $0.17. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.38 billion. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.28) earnings per share. Sell-side analysts predict that Community Health Systems will post -1.52 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. LPL Financial LLC increased its stake in Community Health Systems by 41.2% during the third quarter. LPL Financial LLC now owns 153,126 shares of the company’s stock worth $530,000 after acquiring an additional 44,697 shares during the last quarter. Vanguard Group Inc increased its stake in Community Health Systems by 9.3% during the third quarter. Vanguard Group Inc now owns 11,219,038 shares of the company’s stock worth $38,817,000 after acquiring an additional 957,865 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in Community Health Systems by 59.8% during the third quarter. MetLife Investment Advisors LLC now owns 69,351 shares of the company’s stock worth $240,000 after acquiring an additional 25,942 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Community Health Systems during the third quarter worth about $406,000. Finally, Virtu Financial LLC acquired a new stake in Community Health Systems during the fourth quarter worth about $205,000. Institutional investors own 99.24% of the company’s stock.

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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. The company 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.

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