Community Health Systems Inc. (NYSE:CYH)’s share price dropped 2.7% on Friday . The stock traded as low as $12.37 and last traded at $12.75, with a volume of 2,948,049 shares trading hands. The stock had previously closed at $13.11.

CYH has been the topic of several recent analyst reports. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Community Health Systems in a report on Monday, April 25th. Barclays PLC cut their target price on Community Health Systems from $32.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 1st. Jefferies Group restated a “hold” rating and issued a $15.00 target price (down previously from $18.00) on shares of Community Health Systems in a research note on Tuesday, May 3rd. Morgan Stanley restated a “hold” rating on shares of Community Health Systems in a research note on Tuesday, May 3rd. Finally, Cantor Fitzgerald restated a “hold” rating on shares of Community Health Systems in a research note on Wednesday, May 4th. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $23.14.

The firm has a market cap of $1.42 billion and a price-to-earnings ratio of 16.08. The company has a 50 day moving average price of $12.87 and a 200 day moving average price of $14.41.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Monday, May 2nd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by $0.47. The business earned $5 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the firm earned $0.85 earnings per share. Equities research analysts anticipate that Community Health Systems Inc. will post $2.24 EPS 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 that occurred on Monday, June 13th. The stock was sold at an average price of $13.42, for a total transaction of $75,152.00. Following the transaction, the director now owns 6,509 shares in the company, valued at approximately $87,350.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds and institutional investors have recently bought and sold shares of CYH. Rhumbline Advisers increased its position 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 during the period. State of Wisconsin Investment Board increased its position in 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 worth $4,399,000 after buying an additional 47,650 shares during the period. Liberty Mutual Group Asset Management Inc. increased 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 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 worth $9,992,000 after buying an additional 2,009 shares during the period. Finally, Trexquant Investment LP increased 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 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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