Shares of Community Health Systems Inc. (NYSE:CYH) saw strong trading volume on Wednesday . 9,609,570 shares changed hands during trading, an increase of 135% from the previous session’s volume of 4,093,882 shares.The stock last traded at $12.35 and had previously closed at $12.20.

Several analysts have recently issued reports on the company. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Community Health Systems in a research note on Monday, April 25th. Raymond James Financial Inc. downgraded Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Monday, April 25th. Mizuho decreased their target price on Community Health Systems from $14.40 to $10.50 and set an “underperform” rating for the company in a research note on Tuesday, April 19th. Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 20th. Finally, Vetr upgraded Community Health Systems from a “sell” rating to a “strong-buy” rating and set a $24.39 target price for the company in a research note on Friday, April 8th. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.14.

The company’s 50-day moving average price is $12.77 and its 200 day moving average price is $14.29. The stock has a market cap of $1.37 billion and a PE ratio of 15.60.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.56 by $0.47. The business had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.53 billion. Community Health Systems’s quarterly revenue was down 6.0% compared to the same quarter last year. 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 company’s stock in a transaction on Monday, June 13th. The shares were 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 directly owns 6,509 shares in the company, valued at $87,350.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds and institutional investors recently made changes to their positions in CYH. Principal Financial Group Inc. increased 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 period. Liberty Mutual Group Asset Management Inc. increased 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 period. BNP Paribas Arbitrage SA increased its position in shares of Community Health Systems by 166.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 43,467 shares of the company’s stock valued at $1,153,000 after buying an additional 27,166 shares during the period. State of Wisconsin Investment Board increased 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 period. Finally, Dimensional Fund Advisors LP increased its position 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.

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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