Insider Selling: Community Health Systems Insider Sells 100,000 Shares of Stock (CYH)
Community Health Systems (NYSE:CYH) Insider William S. Hussey sold 100,000 shares of the stock on the open market in a transaction dated Friday, June 6th. The shares were sold at an average price of $45.03, for a total transaction of $4,503,000.00. Following the sale, the insider now directly owns 111,958 shares in the company, valued at approximately $5,041,469. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Community Health Systems (NYSE:CYH) traded up 1.29% during mid-day trading on Friday, hitting $44.89. 2,369,932 shares of the company’s stock traded hands. Community Health Systems has a one year low of $34.55 and a one year high of $51.29. The stock has a 50-day moving average of $39.14 and a 200-day moving average of $39.54. The company’s market cap is $5.052 billion.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.08. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter last year, the company posted $0.87 earnings per share. Community Health Systems’s revenue was up 28.1% compared to the same quarter last year. Analysts expect that Community Health Systems will post $2.78 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Community Health Systems in a research note on Tuesday. They now have a $47.00 price target on the stock, up previously from $46.00. Separately, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Community Health Systems in a research note on Monday, May 19th. They now have a $42.00 price target on the stock, down previously from $45.00. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Community Health Systems in a research note on Monday, May 12th. They now have a $41.00 price target on the stock, down previously from $45.00. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $47.57.
Community Health Systems, Inc, is an operator of hospitals in the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.