Shares of Community Health Systems Inc. (NYSE:CYH) dropped 1.5% during mid-day trading on Tuesday . The stock traded as low as $12.72 and last traded at $12.84, with a volume of 1,910,361 shares changing hands. The stock had previously closed at $13.04.

CYH has been the subject of several recent research reports. Raymond James Financial Inc. downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Monday, April 25th. Bank of America Corp. restated a “hold” rating and set a $19.00 target price on shares of Community Health Systems in a research note on Wednesday, March 23rd. Morgan Stanley restated a “hold” rating and set a $18.00 target price on shares of Community Health Systems in a research note on Wednesday, March 23rd. Ladenburg Thalmann upgraded Community Health Systems from a “not rated” rating to an “underperform” rating in a research note on Monday, June 13th. Finally, Mizuho lowered their target price on 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 analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.63.

The stock has a market cap of $1.43 billion and a PE ratio of 16.21. The company has a 50 day moving average of $13.15 and a 200 day moving average of $15.04.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.47. During the same quarter last year, the firm posted $0.85 EPS. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.01 billion. Equities analysts expect that Community Health Systems Inc. will post $2.26 EPS for the current year.

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

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