An issue of Community Health Systems Inc. (NYSE:CYH) bonds rose 2.3% against their face value during trading on Friday. The high-yield debt issue has a 8% coupon and is set to mature on November 15, 2019. The debt is now trading at $81.75 and was trading at $77.70 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its stock price.

Several analysts recently issued reports on the company. Cantor Fitzgerald reissued a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research note on Monday, November 14th. Credit Suisse Group AG downgraded Community Health Systems from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $7.00 to $4.25 in a research note on Friday, November 11th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $6.00 price objective (down previously from $15.00) on shares of Community Health Systems in a research note on Wednesday, November 9th. Royal Bank Of Canada lifted their price objective on Community Health Systems from $6.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 9th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $10.00 price objective (down previously from $18.00) on shares of Community Health Systems in a research note on Sunday, November 6th. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $13.43.

Shares of Community Health Systems Inc. (NYSE:CYH) opened at 5.78 on Friday. The stock’s market capitalization is $640.95 million. The firm has a 50 day moving average price of $8.83 and a 200 day moving average price of $11.71. Community Health Systems Inc. has a one year low of $4.15 and a one year high of $24.91.

In other news, major shareholder Tian Qiao Chen bought 929,813 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were acquired at an average price of $10.27 per share, for a total transaction of $9,549,179.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its position in Community Health Systems by 273.3% in the second quarter. Acadian Asset Management LLC now owns 154,313 shares of the company’s stock valued at $1,859,000 after buying an additional 112,970 shares during the period. Eqis Capital Management Inc. increased its position in Community Health Systems by 45.5% in the second quarter. Eqis Capital Management Inc. now owns 21,821 shares of the company’s stock valued at $263,000 after buying an additional 6,820 shares during the period. Denali Advisors LLC purchased a new position in Community Health Systems during the second quarter valued at $233,000. Atria Investments LLC purchased a new position in Community Health Systems during the second quarter valued at $157,000. Finally, Quotient Investors LLC purchased a new position in Community Health Systems during the second quarter valued at $268,000. Institutional investors and hedge funds own 96.57% of the company’s stock.

Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals in communities. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Company operates through two segments: hospital operations and home care agencies operations.

5 Day Chart for NYSE:CYH

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