An issue of Community Health Systems, Inc. (NYSE:CYH) debt rose 2% as a percentage of its face value during trading on Monday. The high-yield debt issue has a 8% coupon and will mature on November 15, 2019. The bonds in the issue are now trading at $92.28 and were trading at $92.37 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.

Several research analysts have weighed in on CYH shares. 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 reiterated a “hold” rating and issued a $7.00 price target on shares of Community Health Systems in a research report on Sunday, July 30th. Mizuho reiterated a “neutral” rating and issued a $7.00 price target (down from $7.50) on shares of Community Health Systems in a research report on Wednesday, August 2nd. ValuEngine downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $6.00 price target on shares of Community Health Systems in a research report on Sunday, November 5th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.47.

Community Health Systems, Inc. (NYSE CYH) traded down $0.12 on Monday, reaching $4.38. 4,179,200 shares of the company traded hands, compared to its average volume of 3,670,475. Community Health Systems, Inc. has a 52 week low of $4.29 and a 52 week high of $10.51. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86.

Community Health Systems (NYSE:CYH) last posted its earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.47). The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The business’s revenue was down 16.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.35) earnings per share. research analysts predict that Community Health Systems, Inc. will post -1.25 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Community Health Systems by 38,765.3% during the first quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock valued at $130,263,000 after acquiring an additional 14,647,864 shares in the last quarter. Vanguard Group Inc. grew its stake in Community Health Systems by 4.3% during the second quarter. Vanguard Group Inc. now owns 10,377,548 shares of the company’s stock valued at $103,361,000 after acquiring an additional 424,006 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Community Health Systems by 31.3% during the third quarter. Dimensional Fund Advisors LP now owns 6,508,663 shares of the company’s stock valued at $49,986,000 after acquiring an additional 1,551,499 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Community Health Systems by 226.4% during the third quarter. JPMorgan Chase & Co. now owns 4,228,000 shares of the company’s stock valued at $31,880,000 after acquiring an additional 2,932,700 shares in the last quarter. Finally, State Street Corp grew its stake in Community Health Systems by 0.8% during the first quarter. State Street Corp now owns 3,292,332 shares of the company’s stock valued at $29,203,000 after acquiring an additional 25,290 shares in the last quarter. 99.49% of the stock is owned by institutional investors.

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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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