An issue of Community Health Systems, Inc. (NYSE:CYH) bonds rose 3.4% as a percentage of their face value during trading on Friday. The high-yield debt issue has a 6.875% coupon and will mature on February 1, 2022. The debt is now trading at $85.50 and was trading at $82.25 last week. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its share price.

A number of research analysts have weighed in on CYH shares. Vetr upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $8.62 price objective on the stock in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Tuesday, July 11th. BidaskClub upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC restated a “hold” rating and issued a $7.00 price target on shares of Community Health Systems in a report on Sunday, July 30th. Finally, 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. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. Community Health Systems presently has an average rating of “Hold” and a consensus price target of $8.02.

Community Health Systems, Inc. (NYSE CYH) traded up 22.73% during trading on Friday, hitting $7.45. 29,129,105 shares of the stock traded hands. Community Health Systems, Inc. has a 12 month low of $4.15 and a 12 month high of $13.28. The company’s market cap is $833.92 million. The company’s 50 day moving average price is $8.52 and its 200 day moving average price is $8.64.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.31. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the prior year, the firm posted $0.09 EPS. Community Health Systems’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Community Health Systems, Inc. will post ($0.32) EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. bought a new position in Community Health Systems during the second quarter worth about $107,000. World Asset Management Inc raised its position in Community Health Systems by 3.2% in the first quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock worth $110,000 after buying an additional 387 shares during the last quarter. State of Alaska Department of Revenue raised its position in Community Health Systems by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 12,570 shares of the company’s stock worth $111,000 after buying an additional 270 shares during the last quarter. Airain ltd bought a new position in Community Health Systems during the first quarter worth about $126,000. Finally, Fox Run Management L.L.C. bought a new position in Community Health Systems during the second quarter worth about $126,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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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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