An issue of Community Health Systems, Inc. (NYSE:CYH) bonds fell 2.9% as a percentage of their face value during trading on Friday. The debt issue has a 8% coupon and will mature on November 15, 2019. The bonds in the issue are now trading at $88.88 and were trading at $90.25 last week. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

Several research analysts recently weighed in on CYH shares. Zacks Investment Research upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Royal Bank Of Canada restated a “hold” rating and set a $7.00 price target on shares of Community Health Systems in a report on Friday, August 4th. Deutsche Bank AG cut their price target on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. ValuEngine upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Robert W. Baird restated a “hold” rating and set a $7.00 price target on shares of Community Health Systems in a report on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company’s stock. Community Health Systems presently has a consensus rating of “Hold” and a consensus price target of $6.47.

Community Health Systems, Inc. (CYH) traded down $0.07 during midday trading on Friday, hitting $4.15. 2,631,979 shares of the stock traded hands, compared to its average volume of 3,651,866. Community Health Systems, Inc. has a one year low of $3.95 and a one year high of $10.51. The company has a debt-to-equity ratio of 10.62, a quick ratio of 1.86 and a current ratio of 2.05.

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

A number of institutional investors have recently bought and sold shares of CYH. Teachers Advisors LLC increased its holdings in Community Health Systems by 3.6% during the 1st quarter. Teachers Advisors LLC now owns 205,085 shares of the company’s stock worth $1,819,000 after acquiring an additional 7,144 shares during the period. Vanguard Group Inc. increased its holdings in Community Health Systems by 15.2% during the 1st quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock worth $88,288,000 after acquiring an additional 1,312,513 shares during the period. Geode Capital Management LLC increased its holdings in Community Health Systems by 12.1% during the 1st quarter. Geode Capital Management LLC now owns 903,231 shares of the company’s stock worth $8,011,000 after acquiring an additional 97,632 shares during the period. Dimensional Fund Advisors LP increased its holdings in Community Health Systems by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,137,209 shares of the company’s stock worth $18,957,000 after acquiring an additional 15,523 shares during the period. Finally, BlackRock Inc. increased its holdings in Community Health Systems by 38,765.3% during the 1st quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock worth $130,263,000 after acquiring an additional 14,647,864 shares during the period. 99.49% of the stock is currently 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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