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

CYH has been the subject of several research reports. Morgan Stanley reiterated a “hold” rating and issued a $18.00 target price on shares of Community Health Systems in a research note on Wednesday, March 23rd. Robert W. Baird restated a “hold” rating on shares of Community Health Systems in a research note on Wednesday, March 23rd. Bank of America Corp. restated a “hold” rating and set a $19.00 price target on shares of Community Health Systems in a research note on Wednesday, March 23rd. Vetr cut 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 cut 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 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 issued a strong buy rating to the stock. Community Health Systems currently has an average rating of “Hold” and an average target price of $23.63.

The stock has a market capitalization of $1.41 billion and a P/E ratio of 16.06. The stock’s 50-day moving average is $13.18 and its 200 day moving average is $15.01.

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 Zacks’ consensus estimate of $0.74 by $0.47. During the same period in the previous year, the business posted $0.85 earnings per share. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.01 billion. On average, equities research analysts expect that Community Health Systems Inc. will post $2.26 earnings per share 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 completion of the transaction, the director now owns 6,509 shares of the company’s stock, valued at approximately $87,350.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

A number of institutional investors recently modified their holdings of CYH. LSV Asset Management increased its position in shares of Community Health Systems by 1,313.4% in the fourth quarter. LSV Asset Management now owns 432,500 shares of the company’s stock valued at $11,474,000 after buying an additional 401,900 shares during the last quarter. Trexquant Investment LP increased its position in shares of Community Health Systems by 114.2% in the fourth quarter. Trexquant Investment LP now owns 129,689 shares of the company’s stock valued at $3,441,000 after buying an additional 69,149 shares during the last quarter. 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 last quarter. 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 last quarter. Finally, Retirement Systems of Alabama increased its position 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 during 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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