Community Health Systems Inc. (NYSE:CYH)’s share price traded up 5.6% during trading on Friday . The stock traded as high as $12.94 and last traded at $12.91, with a volume of 2,303,591 shares trading hands. The stock had previously closed at $12.23.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday. Ladenburg Thalmann upgraded shares of Community Health Systems from a “not rated” rating to an “underperform” rating in a report on Monday, June 13th. Raymond James Financial Inc. downgraded shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Wednesday, June 1st. Barclays PLC decreased their price objective on shares of Community Health Systems from $32.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 1st. Finally, Morgan Stanley downgraded shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and set a $15.00 price objective on the stock. in a report on Tuesday, May 24th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $23.63.

The firm has a market capitalization of $1.43 billion and a price-to-earnings ratio of 16.23. 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 issued its quarterly earnings data on Monday, May 2nd. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.47. During the same period last year, the firm earned $0.85 earnings per share. The firm earned $5 billion during the quarter, compared to the consensus estimate of $5.01 billion. Equities research analysts expect that Community Health Systems Inc. will post $2.27 earnings per share for the current year.

In other news, Director H Mitchell Watson, Jr. sold 5,600 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $13.42, for a total transaction of $75,152.00. Following the completion of the transaction, the director now owns 6,509 shares of the company’s stock, valued at $87,350.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Other hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its stake in shares of 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 valued at $1,356,000 after buying an additional 300 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Community Health Systems by 0.7% in the fourth quarter. Rhumbline Advisers now owns 174,096 shares of the company’s stock valued at $4,619,000 after buying an additional 1,274 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Community Health Systems by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 376,660 shares of the company’s stock valued at $9,992,000 after buying an additional 2,009 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Community Health Systems by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 151,867 shares of the company’s stock valued at $4,029,000 after buying an additional 2,068 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of 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 valued at $5,988,000 after buying an additional 3,555 shares in the last quarter.

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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