Shares of Community Health Systems Inc. (NYSE:CYH) traded up 3.1% during mid-day trading on Monday . The company traded as high as $13.35 and last traded at $13.30, with a volume of 2,355,486 shares traded. The stock had previously closed at $12.90.

A number of analysts have recently issued reports on the stock. Raymond James Financial Inc. cut shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Wednesday, June 1st. Bank of America Corp. cut shares of Community Health Systems from a “neutral” rating to an “underperform” rating and set a $14.00 price objective for the company. in a research note on Tuesday, May 3rd. Vetr raised shares of Community Health Systems from a “sell” rating to a “strong-buy” rating and set a $24.39 price objective for the company in a research note on Friday, April 8th. Jefferies Group reissued a “hold” rating and issued a $15.00 price objective (down from $18.00) on shares of Community Health Systems in a research note on Tuesday, May 3rd. Finally, Royal Bank Of Canada cut shares of Community Health Systems from an “outperform” rating to a “sector perform” rating and set a $15.00 price objective for the company. in a research note on Wednesday, May 4th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Community Health Systems has an average rating of “Hold” and a consensus price target of $23.63.

The company has a 50-day moving average of $13.18 and a 200-day moving average of $14.76. The company has a market cap of $1.47 billion and a P/E ratio of 16.75.

Community Health Systems (NYSE:CYH) last posted its earnings results on Monday, May 2nd. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.47. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. On average, analysts forecast that Community Health Systems Inc. will post $2.26 earnings per share for the current fiscal year.

In other Community Health Systems 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 transaction, the director now owns 6,509 shares of the company’s stock, valued at $87,350.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Other hedge funds and institutional investors recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Community Health Systems by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,199,922 shares of the company’s stock worth $84,893,000 after buying an additional 65,766 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Community Health Systems by 166.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 43,467 shares of the company’s stock worth $1,153,000 after buying an additional 27,166 shares during the last quarter. Trexquant Investment LP boosted its position in Community Health Systems by 114.2% in the fourth quarter. Trexquant Investment LP now owns 129,689 shares of the company’s stock worth $3,441,000 after buying an additional 69,149 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its position in Community Health Systems by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 76,151 shares of the company’s stock worth $2,020,000 after buying an additional 25,853 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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