An issue of Community Health Systems Inc. (NYSE:CYH) debt fell 0.9% as a percentage of its face value during trading on Tuesday. The debt issue has a 6.875% coupon and is set to mature on February 1, 2022. The bonds in the issue are now trading at $84.13 and were trading at $83.13 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

CYH has been the topic of a number of recent research reports. Vetr downgraded shares of Community Health Systems from a “strong-buy” rating to a “buy” rating and set a $12.50 target price on the stock. in a research report on Wednesday, September 7th. Barclays PLC reaffirmed a “hold” rating and issued a $15.00 target price on shares of Community Health Systems in a research report on Friday, August 19th. Raymond James Financial Inc. downgraded shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Wednesday, June 1st. Morgan Stanley downgraded shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and set a $15.00 target price on the stock. in a research report on Tuesday, May 24th. Finally, Credit Suisse Group AG initiated coverage on shares of Community Health Systems in a research report on Friday, July 29th. They issued a “neutral” rating and a $14.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the company. Community Health Systems currently has a consensus rating of “Hold” and an average price target of $16.32.

Shares of Community Health Systems Inc. (NYSE:CYH) opened at 10.76 on Wednesday. The stock’s market cap is $1.19 billion. Community Health Systems Inc. has a 52-week low of $9.66 and a 52-week high of $40.55. The stock’s 50 day moving average is $11.00 and its 200 day moving average is $13.33.

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Community Health Systems (NYSE:CYH) last posted its earnings results 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. Community Health Systems had a negative net margin of 7.55% and a positive return on equity of 2.10%. The company earned $4.59 billion during the quarter, compared to analysts’ expectations of $4.53 billion. The company’s revenue was down 6.0% compared to the same quarter last year. On average, equities analysts predict that Community Health Systems Inc. will post $1.34 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of CYH. Commonwealth Bank of Australia bought a new position in Community Health Systems during the second quarter valued at about $112,000. Advisors Asset Management Inc. raised 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 bought a new position in Community Health Systems during the second quarter valued at about $131,000. Tower Research Capital LLC TRC raised 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. Finally, JFS Wealth Advisors LLC raised its position in Community Health Systems by 28,122.2% in the second quarter. JFS Wealth Advisors LLC now owns 12,700 shares of the company’s stock valued at $153,000 after buying an additional 12,655 shares during the period. Institutional investors own 96.57% of the company’s stock.

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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