Community Health Systems, Inc. (NYSE:CYH) dropped 6.1% on Thursday . The stock traded as low as $4.04 and last traded at $4.19. Approximately 3,878,451 shares were traded during trading, an increase of 9% from the average daily volume of 3,563,521 shares. The stock had previously closed at $4.46.

CYH has been the subject of several recent analyst reports. ValuEngine cut shares of Community Health Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Morgan Stanley cut their price objective 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 price objective for the company. Jefferies Group reaffirmed a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research report on Tuesday, September 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. Community Health Systems has a consensus rating of “Hold” and an average target price of $6.47.

The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.47). The company had revenue of $3.67 billion during 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 firm’s revenue was down 16.3% compared to the same quarter last year. During the same period last year, the company posted ($0.35) EPS. analysts anticipate that Community Health Systems, Inc. will post -1.25 EPS for the current year.

In related 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 purchased at an average price of $3.96 per share, with a total value of $396,649.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. bought a new position in shares of Community Health Systems in the second quarter worth about $107,000. Shelton Capital Management bought a new position in shares of Community Health Systems in the second quarter worth about $110,000. FrontFour Capital Group LLC bought a new position in Community Health Systems in the 3rd quarter valued at approximately $113,000. Group One Trading L.P. raised its holdings in Community Health Systems by 27.5% in the 2nd quarter. Group One Trading L.P. now owns 14,765 shares of the company’s stock valued at $147,000 after buying an additional 3,189 shares during the last quarter. Finally, ARP Americas LLC bought a new position in Community Health Systems in the 3rd quarter valued at approximately $121,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

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About Community Health Systems

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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