An issue of Community Health Systems, Inc. (NYSE:CYH) debt fell 3.3% as a percentage of its face value during trading on Tuesday. The high-yield issue of debt has a 6.875% coupon and will mature on February 1, 2022. The bonds in the issue are now trading at $59.25 and were trading at $66.50 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

Several equities analysts have recently commented on CYH shares. Piper Jaffray Companies restated a “sell” rating and issued a $9.00 price objective on shares of Community Health Systems in a report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research note on Sunday, July 30th. Zacks Investment Research downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Mizuho reaffirmed a “neutral” rating and set a $7.00 target price (down from $7.50) on shares of Community Health Systems in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG cut their target price on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.47.

Community Health Systems, Inc. (NYSE CYH) traded up $0.01 during mid-day trading on Tuesday, hitting $4.00. 2,458,790 shares of the stock traded hands, compared to its average volume of 3,641,725. Community Health Systems, Inc. has a one year low of $3.85 and a one year 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) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.47). Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the business posted ($0.35) EPS. The firm’s revenue was down 16.3% on a year-over-year basis. research analysts expect that Community Health Systems, Inc. will post -1.25 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. acquired a new stake in shares of Community Health Systems in the second quarter valued at about $107,000. Shelton Capital Management acquired a new stake in shares of Community Health Systems in the second quarter valued at about $110,000. FrontFour Capital Group LLC acquired a new stake in shares of Community Health Systems in the third quarter valued at about $113,000. ARP Americas LLC acquired a new stake in shares of Community Health Systems in the third quarter valued at about $121,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Community Health Systems in the second quarter valued at about $126,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

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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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