Insider Selling: W Larry Cash Sells 51,472 Shares of Community Health Systems Stock (CYH)
Community Health Systems (NYSE:CYH) CFO W Larry Cash sold 51,472 shares of the stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $51.02, for a total value of $2,626,101.44. Following the completion of the transaction, the chief financial officer now directly owns 305,485 shares in the company, valued at approximately $15,585,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
CYH has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $54.40.
Community Health Systems (NYSE:CYH) traded down 0.78% during mid-day trading on Thursday, hitting $51.08. The stock had a trading volume of 1,091,088 shares. Community Health Systems has a one year low of $34.55 and a one year 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 released its earnings data on Thursday, July 31st. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 49.8% on a year-over-year basis. On average, analysts predict that Community Health Systems will post $3.05 earnings per share for the current fiscal year.
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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