An issue of Community Health Systems, Inc. (NYSE:CYH) bonds fell 2.9% against their face value during trading on Monday. The debt issue has a 8% coupon and is set to mature on November 15, 2019. The debt is now trading at $88.88 and was trading at $90.25 one week ago. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

A number of equities analysts have issued reports on CYH shares. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada restated a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Friday, August 4th. Deutsche Bank AG dropped their price objective on Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. BidaskClub cut Community Health Systems from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Piper Jaffray Companies reiterated a “sell” rating and set a $6.00 price target on shares of Community Health Systems in a report on Thursday, August 3rd. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. Community Health Systems currently has a consensus rating of “Hold” and an average price target of $6.47.

Shares of Community Health Systems, Inc. (CYH) traded up $0.01 on Wednesday, hitting $4.00. The company’s stock had a trading volume of 2,458,700 shares, compared to its average volume of 3,641,725. The company has a debt-to-equity ratio of 10.62, a quick ratio of 1.86 and a current ratio of 2.05. Community Health Systems, Inc. has a 52-week low of $3.85 and a 52-week high of $10.51.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.47). The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.70 billion. Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The company’s revenue was down 16.3% on a year-over-year basis. During the same period last year, the firm posted ($0.35) EPS. research analysts anticipate that Community Health Systems, Inc. will post -1.25 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC raised its stake in Community Health Systems by 0.3% in the second quarter. HighTower Advisors LLC now owns 17,203 shares of the company’s stock worth $170,000 after buying an additional 51 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Community Health Systems by 1.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 22,750 shares of the company’s stock valued at $227,000 after buying an additional 250 shares during the period. Louisiana State Employees Retirement System grew its position in Community Health Systems by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 46,700 shares of the company’s stock worth $465,000 after purchasing an additional 300 shares during the last quarter. Arizona State Retirement System grew its position in Community Health Systems by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 59,800 shares of the company’s stock worth $596,000 after purchasing an additional 500 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Community Health Systems by 4.9% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 24,054 shares of the company’s stock worth $240,000 after buying an additional 1,115 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors.

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Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

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