Community Health Systems Inc. (NYSE:CYH) shares dropped 4.2% during mid-day trading on Tuesday . The stock traded as low as $12.72 and last traded at $12.74, with a volume of 1,067,400 shares changing hands. The stock had previously closed at $13.30.

CYH has been the topic of several analyst reports. Mizuho cut their target price on Community Health Systems from $14.40 to $10.50 and set an “underperform” rating on the stock in a research report on Tuesday, April 19th. Vetr raised Community Health Systems from a “sell” rating to a “strong-buy” rating and set a $24.39 target price on the stock in a research report on Friday, April 8th. Zacks Investment Research cut Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 20th. Bank of America Corp. reaffirmed a “hold” rating and set a $19.00 target price on shares of Community Health Systems in a research report on Wednesday, March 23rd. Finally, Raymond James Financial Inc. cut Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Wednesday, June 1st. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.63.

The firm has a 50-day moving average price of $13.18 and a 200 day moving average price of $14.76. The firm has a market cap of $1.42 billion and a price-to-earnings ratio of 16.18.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Monday, May 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.47. The firm earned $5 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the business posted $0.85 EPS. Equities research analysts predict that Community Health Systems Inc. will post $2.24 earnings per share for the current fiscal year.

In other news, Director H Mitchell Watson, Jr. sold 5,600 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $13.42, for a total value of $75,152.00. Following the transaction, the director now directly owns 6,509 shares in the company, valued at approximately $87,350.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased 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 period. California Public Employees Retirement System increased its position in 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. Principal Financial Group Inc. increased 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 valued at $9,992,000 after buying an additional 2,009 shares during the period. Russell Frank Co increased its position in Community Health Systems by 85.5% in the fourth quarter. Russell Frank Co now owns 340,961 shares of the company’s stock valued at $9,018,000 after buying an additional 157,136 shares during the period. Finally, Tekla Capital Management LLC increased its position in 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.

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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