An issue of Community Health Systems Inc. (NYSE:CYH) bonds fell 2% as a percentage of their face value during trading on Tuesday. The debt issue has a 8% coupon and will mature on November 15, 2019. The debt is now trading at $80.75 and was trading at $82.60 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

Several equities research analysts recently weighed in on CYH shares. Morgan Stanley restated a “sell” rating and set a $15.00 target price on shares of Community Health Systems in a research note on Wednesday, August 3rd. Barclays PLC decreased their target price on Community Health Systems from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, August 4th. Citigroup Inc. decreased their target price on Community Health Systems from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. Zacks Investment Research cut Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, August 8th. Finally, Leerink Swann cut Community Health Systems from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $21.00 to $13.00 in a research note on Tuesday, August 9th. Nine investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.43.

Community Health Systems Inc. (NYSE:CYH) traded down 0.18% during mid-day trading on Tuesday, hitting $5.42. The company had a trading volume of 2,617,162 shares. The company’s 50 day moving average price is $7.25 and its 200-day moving average price is $10.85. Community Health Systems Inc. has a one year low of $4.15 and a one year high of $24.91. The company’s market cap is $601.03 million.

In other Community Health Systems news, major shareholder Tian Qiao Chen bought 929,813 shares of the business’s stock in a transaction on Monday, September 26th. The shares were purchased at an average price of $10.27 per share, with a total value of $9,549,179.51. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in shares of Community Health Systems by 20.9% in the third quarter. PNC Financial Services Group Inc. now owns 8,738 shares of the company’s stock valued at $101,000 after buying an additional 1,510 shares during the last quarter. Commonwealth Bank of Australia purchased a new stake in Community Health Systems during the second quarter worth approximately $112,000. Advisors Asset Management Inc. increased its stake in Community Health Systems by 9.6% in the second quarter. Advisors Asset Management Inc. now owns 10,750 shares of the company’s stock worth $130,000 after buying an additional 939 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in Community Health Systems during the second quarter worth approximately $131,000. Finally, Tower Research Capital LLC TRC increased its stake in Community Health Systems by 282.7% in the second quarter. Tower Research Capital LLC TRC now owns 11,301 shares of the company’s stock worth $136,000 after buying an additional 8,348 shares in the last quarter. 96.57% of the stock is currently owned by hedge funds and other institutional investors.

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Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals in communities. The Company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. The Company operates through two segments: hospital operations and home care agencies operations.

5 Day Chart for NYSE:CYH

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