Shares of Community Health Systems Inc. (NYSE:CYH) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $11.43 and last traded at $12.03, with a volume of 1,861,594 shares. The stock had previously closed at $11.69.

Several analysts have issued reports on CYH shares. Raymond James Financial Inc. cut shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Monday, April 25th. Bank of America Corp. reissued a “hold” rating and issued a $19.00 price target on shares of Community Health Systems in a report on Wednesday, March 23rd. Morgan Stanley reissued a “hold” rating and issued a $18.00 price target on shares of Community Health Systems in a report on Wednesday, March 23rd. Ladenburg Thalmann raised shares of Community Health Systems from a “not rated” rating to an “underperform” rating in a report on Monday, June 13th. Finally, Mizuho decreased their price target on shares of Community Health Systems from $14.40 to $10.50 and set an “underperform” rating on the stock in a report on Tuesday, April 19th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.63.

The firm has a market capitalization of $1.36 billion and a P/E ratio of 15.40. The stock’s 50-day moving average price is $13.14 and its 200 day moving average price is $15.31.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Monday, May 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.47. During the same quarter last year, the firm posted $0.85 earnings per share. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.01 billion. Equities analysts anticipate that Community Health Systems Inc. will post $2.27 earnings per share for the current year.

In other Community Health Systems news, Director H Mitchell Watson, Jr. sold 5,600 shares of the business’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $13.42, for a total transaction of $75,152.00. Following the transaction, the director now owns 6,509 shares in the company, valued at $87,350.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Russell Frank Co boosted its position in Community Health Systems by 85.5% in the fourth quarter. Russell Frank Co now owns 340,961 shares of the company’s stock worth $9,018,000 after buying an additional 157,136 shares during the period. Retirement Systems of Alabama boosted its position in Community Health Systems by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 151,867 shares of the company’s stock worth $4,029,000 after buying an additional 2,068 shares during the period. Neuberger Berman Group LLC purchased a new position in Community Health Systems during the fourth quarter worth $1,617,000. California State Teachers Retirement System boosted its position in Community Health Systems by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 225,708 shares of the company’s stock worth $5,988,000 after buying an additional 3,555 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in Community Health Systems by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 51,112 shares of the company’s stock worth $1,356,000 after buying an additional 300 shares during the period.

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

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