Shares of Community Health Systems Inc. (NYSE:CYH) reached a new 52-week low on Wednesday . The stock traded as low as $10.06 and last traded at $10.10, with a volume of 4,678,574 shares changing hands. The stock had previously closed at $10.78.

Several analysts recently weighed in on CYH shares. Morgan Stanley reiterated a “hold” rating on shares of Community Health Systems in a report on Tuesday, May 3rd. Leerink Swann downgraded shares of Community Health Systems from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $21.00 to $13.00 in a report on Tuesday, August 9th. Robert W. Baird reiterated a “hold” rating on shares of Community Health Systems in a report on Monday, May 16th. Citigroup Inc. dropped their target price on shares of Community Health Systems from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 5th. Finally, Zacks Investment Research downgraded shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Community Health Systems currently has an average rating of “Hold” and a consensus target price of $17.89.

The company’s 50-day moving average price is $12.22 and its 200-day moving average price is $13.88. The firm’s market cap is $1.11 billion.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.47. The firm had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.53 billion. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts anticipate that Community Health Systems Inc. will post $1.36 EPS for the current year.

In related news, Director H Mitchell Watson, Jr. sold 5,600 shares of the firm’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 sale, the director now directly owns 6,509 shares of the company’s stock, valued at approximately $87,350.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

A number of large investors have recently added to or reduced their stakes in CYH. Connor Clark & Lunn Investment Management Ltd. raised its stake in Community Health Systems by 629.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 246,550 shares of the company’s stock worth $6,541,000 after buying an additional 212,750 shares during the last quarter. BlackRock Advisors LLC raised its stake in Community Health Systems by 14.8% in the fourth quarter. BlackRock Advisors LLC now owns 1,463,695 shares of the company’s stock worth $38,832,000 after buying an additional 188,965 shares during the last quarter. Snow Capital Management LP raised its stake in 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 worth $85,324,000 after buying an additional 1,432,041 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Community Health Systems by 166.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 43,467 shares of the company’s stock worth $1,153,000 after buying an additional 27,166 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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