Insider Selling: H Mitchell Watson, Jr. Sells 6,334 Shares of Community Health Systems Stock (CYH)
Community Health Systems (NYSE:CYH) Director H Mitchell Watson, Jr. unloaded 6,334 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $51.00, for a total value of $323,034.00. Following the transaction, the director now directly owns 11,419 shares of the company’s stock, valued at approximately $582,369. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CYH shares. 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 issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $54.40.
Community Health Systems (NYSE:CYH) traded up 0.93% during mid-day trading on Friday, hitting $51.5551. 222,963 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 $51.86. 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 $5.813 billion.
Community Health Systems (NYSE:CYH) last released its earnings data on Thursday, July 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter 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.
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.