Community Health Systems Director Julia B. North Sells 5,371 Shares (CYH)
Community Health Systems (NYSE:CYH) Director Julia B. North sold 5,371 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $51.95, for a total transaction of $279,023.45. Following the transaction, the director now directly owns 46,227 shares of the company’s stock, valued at approximately $2,401,493. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Community Health Systems (NYSE:CYH) traded up 0.93% during mid-day trading on Wednesday, hitting $53.40. The stock had a trading volume of 1,304,248 shares. Community Health Systems has a 52-week low of $34.55 and a 52-week high of $54.01. The stock’s 50-day moving average is $47.78 and its 200-day moving average is $42.16. The company’s market cap is $6.021 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. On average, analysts predict that Community Health Systems will post $3.05 earnings per share 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 investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price 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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