Community Health Systems Inc. (NYSE:CYH) shares dropped 2.7% on Friday . The company 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 a number of research analyst reports. Morgan Stanley reiterated a “hold” rating on shares of Community Health Systems in a report on Tuesday, May 3rd. Robert W. Baird reiterated a “hold” rating on shares of Community Health Systems in a report on Monday, May 16th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Community Health Systems in a report on Monday, April 25th. Leerink Swann upgraded Community Health Systems from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 4th. Finally, Barclays PLC lowered their price target on 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. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.14.

The firm’s 50 day moving average is $12.87 and its 200-day moving average is $14.41. The company has a market cap of $1.42 billion and a P/E ratio of 16.08.

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

In related news, Director H Mitchell Watson, Jr. sold 5,600 shares of Community Health Systems stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $13.42, for a total transaction of $75,152.00. Following the completion of the transaction, the director now owns 6,509 shares in the company, valued at $87,350.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of large investors recently modified their holdings of CYH. Snow Capital Management LP increased its stake in shares of Community Health Systems by 80.3% in the fourth quarter. Snow Capital Management LP now owns 3,216,127 shares of the company’s stock valued at $85,324,000 after buying an additional 1,432,041 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $84,893,000 after buying an additional 65,766 shares during the period. BlackRock Advisors LLC increased its stake in shares of Community Health Systems by 14.8% in the fourth quarter. BlackRock Advisors LLC now owns 1,463,695 shares of the company’s stock valued at $38,832,000 after buying an additional 188,965 shares during the period. Principal Financial Group Inc. increased its stake 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 period. Finally, State of Wisconsin Investment Board increased its stake 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 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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