Community Health Systems Inc. (NYSE:CYH) has been assigned an average rating of “Hold” from the twenty-seven brokerages that are covering the company. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.00.

Several brokerages have recently issued reports on CYH. Citigroup Inc. set a $12.00 target price on shares of Community Health Systems and gave the company a “hold” rating in a research report on Saturday, October 1st. Leerink Swann downgraded shares of Community Health Systems from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $21.00 to $13.00 in a research note on Tuesday, August 9th. Mizuho raised shares of Community Health Systems from an “underperform” rating to a “neutral” rating and set a $10.50 price target on the stock in a research note on Friday, August 12th. Jefferies Group reissued a “hold” rating on shares of Community Health Systems in a research note on Wednesday, August 10th. Finally, Barclays PLC decreased their price target on shares of Community Health Systems from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 4th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in 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 period. Commonwealth Bank of Australia purchased a new position in Community Health Systems during the second quarter valued at approximately $112,000. Advisors Asset Management Inc. boosted its position 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 valued at $130,000 after buying an additional 939 shares during the period. Acrospire Investment Management LLC purchased a new position in Community Health Systems during the second quarter valued at approximately $131,000. Finally, Tower Research Capital LLC TRC boosted its position 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 valued at $136,000 after buying an additional 8,348 shares during the period. Institutional investors own 96.57% of the company’s stock.

Shares of Community Health Systems (NYSE:CYH) traded down 0.092% during trading on Tuesday, reaching $5.425. 1,423,180 shares of the company’s stock were exchanged. Community Health Systems has a 12-month low of $4.15 and a 12-month high of $24.91. The stock’s market cap is $601.58 million. The company has a 50 day moving average of $7.25 and a 200 day moving average of $10.85.

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About Community Health Systems

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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