Shares of Community Health Systems Inc. (NYSE:CYH) were up 5.6% on Friday . The company 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.

A number of analysts have weighed in on CYH shares. Morgan Stanley restated a “hold” rating and set a $18.00 price objective on shares of Community Health Systems in a research note on Wednesday, March 23rd. Robert W. Baird reiterated a “hold” rating on shares of Community Health Systems in a research note on Wednesday, March 23rd. Bank of America Corp. reiterated a “hold” rating and issued a $19.00 price target on shares of Community Health Systems in a research note on Wednesday, March 23rd. Vetr lowered shares of Community Health Systems from a “hold” rating to a “sell” rating and set a $18.00 price target for the company. in a research note on Thursday, April 7th. Finally, Mizuho reduced their price target on shares of Community Health Systems from $14.40 to $10.50 and set an “underperform” rating for the company in a research note on Tuesday, April 19th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Community Health Systems presently has a consensus rating of “Hold” and an average target price of $23.63.

The firm has a 50 day moving average of $13.15 and a 200 day moving average of $15.24. The firm has a market cap of $1.43 billion and a P/E ratio of 16.23.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.47. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the business posted $0.85 EPS. On average, equities analysts forecast that Community Health Systems Inc. will post $2.27 EPS for the current fiscal year.

In related news, Director H Mitchell Watson, Jr. sold 5,600 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $13.42, for a total value of $75,152.00. Following the transaction, the director now owns 6,509 shares in the company, valued at approximately $87,350.78. The sale was disclosed in a filing with the SEC, which is available through this link.

Other institutional investors have modified their holdings of the company. Tekla Capital Management LLC increased its position in shares of Community Health Systems by 45.3% in the fourth quarter. Tekla Capital Management LLC now owns 304,472 shares of the company’s stock valued at $8,078,000 after buying an additional 94,900 shares during the period. State of Wisconsin Investment Board increased its position in shares of Community Health Systems by 40.3% in the fourth quarter. State of Wisconsin Investment Board now owns 165,798 shares of the company’s stock valued at $4,399,000 after buying an additional 47,650 shares during the period. Shell Asset Management Co. acquired a new position in shares of Community Health Systems during the fourth quarter valued at $1,188,000. California Public Employees Retirement System increased its position in shares of Community Health Systems by 47.0% in the fourth quarter. California Public Employees Retirement System now owns 540,496 shares of the company’s stock valued at $14,339,000 after buying an additional 172,700 shares during the period. Finally, Chicago Equity Partners LLC increased its position in shares of Community Health Systems by 122.3% in the fourth quarter. Chicago Equity Partners LLC now owns 66,700 shares of the company’s stock valued at $1,770,000 after buying an additional 36,690 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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