Community Health Systems VP Sells $2,057,600 in Stock (CYH)
Community Health Systems (NYSE:CYH) VP Rachel A. Seifert sold 40,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $51.44, for a total transaction of $2,057,600.00. Following the transaction, the vice president now directly owns 162,700 shares of the company’s stock, valued at approximately $8,369,288. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Community Health Systems (NYSE:CYH) traded down 0.78% during mid-day trading on Thursday, hitting $51.08. 1,091,088 shares of the company’s stock traded hands. Community Health Systems has a 52-week low of $34.55 and a 52-week high of $51.86. The stock has a 50-day moving average of $47.05 and a 200-day moving average of $41.78. The company’s market cap is $5.760 billion.
Community Health Systems (NYSE:CYH) last announced its earnings results on Thursday, July 31st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter last year, the company posted $0.32 earnings per share. Community Health Systems’s revenue was up 49.8% compared to the same quarter last year. Analysts expect that Community Health Systems will post $3.05 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Community Health Systems in a research note on Tuesday, August 5th. They now have a $54.00 price target on the stock, up previously from $40.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Community Health Systems in a research note on Tuesday, August 5th. They now have a $56.00 price target on the stock, up previously from $48.00. Finally, analysts at RBC Capital raised their price target on shares of Community Health Systems from $60.00 to $74.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $54.40.
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.
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