Community Health Systems CEO Wayne T. Smith Unloads 83,796 Shares (CYH)
Community Health Systems (NYSE:CYH) CEO Wayne T. Smith sold 83,796 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $51.67, for a total value of $4,329,739.32. Following the sale, the chief executive officer now directly owns 788,179 shares of the company’s stock, valued at approximately $40,725,209. The sale was disclosed in a legal filing with the SEC, which is available at 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 investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $54.40.
Shares of Community Health Systems (NYSE:CYH) traded up 2.26% on Tuesday, hitting $52.91. The stock had a trading volume of 1,369,547 shares. Community Health Systems has a 1-year low of $34.55 and a 1-year high of $53.03. The stock’s 50-day moving average is $47.62 and its 200-day moving average is $42.08. The company’s market cap is $5.966 billion.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results 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. Analysts expect that Community Health Systems will post $3.05 EPS 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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