Community Health Systems, Inc. (NYSE:CYH) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 29,543,283 shares, a growth of 12.2% from the October 13th total of 26,328,315 shares. Currently, 26.9% of the shares of the stock are sold short. Based on an average daily volume of 3,296,026 shares, the days-to-cover ratio is currently 9.0 days.

Several hedge funds and other institutional investors have recently modified their holdings of CYH. Teachers Advisors LLC increased its stake in shares of Community Health Systems by 3.6% in the first quarter. Teachers Advisors LLC now owns 205,085 shares of the company’s stock worth $1,819,000 after buying an additional 7,144 shares during the period. Vanguard Group Inc. increased its stake in shares of Community Health Systems by 15.2% in the first quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock worth $88,288,000 after buying an additional 1,312,513 shares during the period. Geode Capital Management LLC boosted its holdings in Community Health Systems by 12.1% in the first quarter. Geode Capital Management LLC now owns 903,231 shares of the company’s stock valued at $8,011,000 after acquiring an additional 97,632 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Community Health Systems by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,137,209 shares of the company’s stock valued at $18,957,000 after acquiring an additional 15,523 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Community Health Systems by 38,765.3% in the first quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock valued at $130,263,000 after acquiring an additional 14,647,864 shares in the last quarter. 99.49% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on CYH shares. ValuEngine raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Tuesday, September 5th. Robert W. Baird reaffirmed a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a research note on Friday, September 1st. Credit Suisse Group AG started coverage on shares of Community Health Systems in a research note on Thursday, November 2nd. They issued an “underperform” rating and a $3.50 target price on the stock. Finally, Zacks Investment Research raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $6.47.

Community Health Systems (NYSE:CYH) opened at $4.23 on Wednesday. The company has a current ratio of 2.05, a quick ratio of 1.86 and a debt-to-equity ratio of 10.62. Community Health Systems has a one year low of $4.09 and a one year high of $10.51.

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

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About Community Health Systems

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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