An issue of Community Health Systems, Inc. (NYSE:CYH) bonds fell 1.3% as a percentage of their face value during trading on Thursday. The debt issue has a 6.875% coupon and will mature on February 1, 2022. The bonds in the issue are now trading at $76.75 and were trading at $78.06 one week ago. Price changes in a company’s bonds in credit markets often predict parallel changes in its share price.

CYH has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Jefferies Group LLC restated a “hold” rating and set a $7.00 price target on shares of Community Health Systems in a research report on Sunday, July 30th. Mizuho restated a “neutral” rating and set a $7.00 price target (down from $7.50) on shares of Community Health Systems in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Robert W. Baird restated a “hold” rating and set a $7.00 price target on shares of Community Health Systems in a research report on Friday, September 1st. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.56.

Shares of Community Health Systems, Inc. (CYH) opened at 7.10 on Friday. Community Health Systems, Inc. has a 1-year low of $4.15 and a 1-year high of $10.91. The company’s market capitalization is $794.74 million. The firm has a 50-day moving average of $7.43 and a 200 day moving average of $8.46.

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

In other Community Health Systems news, major shareholder Tian Qiao Chen acquired 9,766,897 shares of the company’s stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $7.27 per share, with a total value of $71,005,341.19. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CYH. Alps Advisors Inc. bought a new stake in shares of Community Health Systems in the 2nd quarter worth about $107,000. World Asset Management Inc lifted its holdings in shares of Community Health Systems by 3.2% in the 1st quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock worth $110,000 after acquiring an additional 387 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Community Health Systems in the 2nd quarter worth about $110,000. Fox Run Management L.L.C. bought a new stake in shares of Community Health Systems in the 2nd quarter worth about $126,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Community Health Systems by 134.4% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 14,300 shares of the company’s stock worth $127,000 after acquiring an additional 8,200 shares during the last quarter. Hedge funds and other institutional investors own 94.69% of the company’s stock.

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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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