An issue of Community Health Systems Inc. (NYSE:CYH) bonds fell 0.9% against their face value during trading on Monday. The debt issue has a 7.125% coupon and will mature on July 15, 2020. The debt is now trading at $74.06 and was trading at $72.75 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.

Several analysts have recently commented on the company. Citigroup Inc. decreased their price objective on Community Health Systems from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 5th. Barclays PLC decreased their price objective on Community Health Systems from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, August 4th. Morgan Stanley reiterated a “sell” rating and set a $15.00 price objective on shares of Community Health Systems in a report on Wednesday, August 3rd. Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, August 8th. Finally, Vetr downgraded Community Health Systems from a “strong-buy” rating to a “hold” rating and set a $12.50 target price on the stock. in a research report on Monday, September 19th. Nine 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 presently has a consensus rating of “Hold” and an average target price of $13.43.

Community Health Systems Inc. (NYSE:CYH) opened at 5.42 on Wednesday. The stock’s market capitalization is $601.03 million. The firm has a 50-day moving average of $7.25 and a 200-day moving average of $10.85. Community Health Systems Inc. has a 1-year low of $4.15 and a 1-year high of $24.91.

In other news, major shareholder Tian Qiao Chen purchased 929,813 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were acquired at an average cost of $10.27 per share, for a total transaction of $9,549,179.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Community Health Systems by 10.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 50,754 shares of the company’s stock valued at $586,000 after buying an additional 4,700 shares during the last quarter. Canyon Capital Advisors LLC bought a new position in shares of Community Health Systems during the third quarter valued at $11,540,000. Ameritas Investment Partners Inc. raised its position in shares of Community Health Systems by 66.2% in the third quarter. Ameritas Investment Partners Inc. now owns 43,945 shares of the company’s stock valued at $507,000 after buying an additional 17,510 shares during the last quarter. Phocas Financial Corp. bought a new position in shares of Community Health Systems during the third quarter valued at $5,193,000. Finally, Mackenzie Financial Corp raised its position in shares of Community Health Systems by 71.9% in the third quarter. Mackenzie Financial Corp now owns 243,970 shares of the company’s stock valued at $2,815,000 after buying an additional 102,081 shares during the last quarter. Institutional investors and hedge funds own 96.57% 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 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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