Shares of Community Health Systems Inc. (NYSE:CYH) rose 3.8% on Thursday . The stock traded as high as $13.37 and last traded at $13.27, with a volume of 3,668,063 shares changing hands. The stock had previously closed at $12.79.

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 dropped their target price on shares of Community Health Systems from $32.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 1st. Jefferies Group restated a “hold” rating and set a $15.00 target price (down previously from $18.00) on shares of Community Health Systems in a report on Tuesday, May 3rd. Morgan Stanley restated a “hold” rating on shares of Community Health Systems in a report on Tuesday, May 3rd. Finally, Cantor Fitzgerald restated a “hold” rating on shares of Community Health Systems in a report on Wednesday, May 4th. Six investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $23.14.

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

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 consensus estimate 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 in the previous year, the company posted $0.85 earnings per share. Analysts anticipate that Community Health Systems Inc. will post $2.24 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 firm’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $13.42, for a total value of $75,152.00. Following the completion of the sale, the director now owns 6,509 shares of the company’s stock, valued at $87,350.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

A number of large investors have modified their holdings of the company. Rhumbline Advisers increased its stake in shares of Community Health Systems by 0.7% in the fourth quarter. Rhumbline Advisers now owns 174,096 shares of the company’s stock valued at $4,619,000 after buying an additional 1,274 shares in the last quarter. State of Wisconsin Investment Board boosted 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. Liberty Mutual Group Asset Management Inc. boosted its position in shares of 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 valued at $2,020,000 after buying an additional 25,853 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of 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 last quarter. Finally, Trexquant Investment LP boosted 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.

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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